Imagebrochure (as of Mai 2016)

Your success is : our benchmark
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DEUTSCHE HYPO –
STATE-OF-THE-ART OUT
OF TRADITION
Deutsche Hypo is one of the oldest and most renowned Pfandbrief banks in Germany.
It was founded as Deutsche Hypothekenbank (Actien-Gesellschaft) in 1872 by
Berlin-based merchants and bankers. Deutsche Hypo’s head office is in Hanover.
As experienced specialists, we support professional real estate finance customers
in Germany and, for more than the last 25 years, in other core European markets
as well.
Thanks to our wide product range, we have the right solution for your project. For
over 144 years the priorities have been “quality before quantity” and “continuity
before volatility”. Our 400 employees are here to help you.
We are looking forward to meeting you.
SHORT PORTRAIT
WELCOME TO
DEUTSCHE HYPO
From left: Andreas Rehfus, Andreas Pohl
“You too can benefit from our experience and our
know-how in the most important real estate finance
markets in Germany and Europe.”
“Those who identify risks early can also deal with
them. This expertise is the cornerstone of our lean
credit process.”
Andreas Pohl
Chairman of the Board of Managing Directors
Andreas Rehfus
Member of the Board of Managing Directors
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4
STRONG PARTNERS
OUR GROUP
Deutsche Hypo has been part of the NORD/LB Group since 2008 and acts as the
centre of competence for the core business area of commercial real estate finance
and the issue of Mortgage Pfandbriefe. Deutsche Hypo is a member of the Joint
Liability Scheme at the Savings Bank Finance Group. Synergy is achieved through
Deutsche Hypo’s close ties with NORD/LB, which affords Deutsche Hypo‘s customers access to the product range of an internationally active major bank. With total
assets of € 181 billion, NORD/LB is one of the most important financial institutions
in Germany. Its majority shareholder is the federal state of Lower-Saxony.
NORD/LB – LEADING UNIVERSAL BANK
IN THE HEART OF NORTHERN GERMANY:
// Landesbank for the federal states Lower-Saxony and Saxony-Anhalt
// Central bank for savings banks for Lower-Saxony, Saxony-Anhalt and
Mecklenburg-Western Pomerania
// State savings bank in the Braunschweig county with more than 100 branches
ENGAGES IN THE BUSINESS AREAS:
// Commercial real estate finance business (at Deutsche Hypo)
// Corporate customers
// Structured finance in the sector of energy and infrastructure
// Ship and aircraft finance
// Capital markets business
// Private and commercial customers
OFFERS FINANCIAL SERVICES
AS A COMMERCIAL BANK FOR:
// Private customers // Institutional customers
// Corporate customers
// Public sector customers
The NORD/LB Group consists of:
Covered Bond Bank
Luxembourg
IN A NUTSHELL
OUR FACTS AND FIGURES
DEUTSCHE HYPO’S ANNUAL RESULTS 2015
in € millions
Income statement figures
Net interest income
Net commission income
Administrative expenses
Risk result
Income from securities and participatory interest
Result from normal operations
in % / in € millions
Other information
Cost-income ratio
01.01. –
31.12.2015
224.5
0.5
77.8
– 41.3
– 29.4
70.3
01.01. –
31.12.2014
222.3
4.5
75.6
– 62.2
– 42.5
41.4
31.12.2015
31.12.2014
35.6
34.1
26,943.7
30,054.9
Total assets
Change
(in %)
1.0
– 88.9
2.9
33.6
30.8
69.8
– 10.4
Further details concerning the business development of the previous years can be found under www.Deutsche-Hypo.de
Deutsche Hypo’s ratings
Mortgage
Pfandbriefe
Moody’s
Public
Pfandbriefe
Aa1
Aa1
Short-term
Liabilities
Prime-1
Long-term
Liabilities
A3
Baseline credit
assessment (BCA)
b1
5
6
PERSONALLY ON SITE
OUR CORE MARKETS
WE HAVE A LOCAL PRESENCE IN THE MOST
IMPORTANT REAL ESTATE MARKETS
Deutsche Hypo focuses on direct business with professional real estate investors.
We offer tailored financing concepts and support. We engage in high-quality
properties, which we finance in close collaboration with our clients.
Warsaw
London
Amsterdam
Hanover
Deutsche Hypo concentrates on regions with a large property stock and a positive
outlook and properties with a good tenant structure and stable cash flow.
Deutsche Hypo’s strategic target markets are Germany, UK, France, Benelux
and Poland.
Frankfurt
Paris
Regional breakdown
■ Germany 61.1 %
■ France 7.7 %
■ UK 13.3 %
■ Benelux 10.9 %
■ Poland 1.8 %
■ Other 4.2 %
Hamburg
Munich
EXTENSIVE KNOW-HOW
OUR ASSET CLASSES
WE FINANCE THE FOLLOWING ASSET TYPES:
New real estate finance business by region
■ Domestic ■ Foreign
4,000
3,610.3
3,710.7
2,662.1
563.1
1,492.8
1,527.6
2,099.0
2,117.5
2,183.1
3,500
Volumne in € millions
// Office and commercial buildings // Retail
// Hotels
// Multi-storey residential
// Logistics
Deutsche Hypo’s multi-lingual team has a wealth of market experience and prides
itself on its asset-based expertise and local legal knowledge in each of its core
markets.
3,000
2,500
2,513.0
2,000
811.1
1,500
1,000
1,702.0
500
0
2012
Breakdown by property type:
■ Office and commercial buildings 39.1 %
■ Retail 32.7 %
■ Residential real estate 12.1 %
■ Others 8.9 %
■ Hotels 7.2 %
Total volume € 11,954 million as of 31.12.2015
2013
2014
2015
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OUR REFERENCES
MALL OF BERLIN
DREISCHEIBENHAUS
ERNST-AUGUST-GALERIE
Type of property: Shopping centre
Location: Berlin
Customer: A joint venture between High Gain House
Investments/Berlin and Arab Investments/ London
Financing volume: € 600 million
Type of property: Office building
Location: Düsseldorf
Customer: Momeni Gruppe and
Black Horse Investments
Project volume: € 230 million
Type of property: Shopping centre
Location: Hanover
Customer: ECE Projektmanagement G.m.b.H. & Co. KG
Financing volume: € 139 million
SOFITEL MUNICH BAYERPOST
WESTFIELD SHOPPING CENTRE
HOTEL ZOO
Type of property: Hotel
Location: Munich
Customer: Hotel Bayerpost München GmbH & Co. KG
(a fund of the Ebertz & Partner Group)
Financing volume: € 80 million
Type of property: Shopping centre
Location: London
Customer: Commerz Real
Investmentgesellschaft mbH
Financing volume: € 288 million
Type of property: Hotel
Location: Berlin
Customer: Kurfürstendamm 25 Besitz GmbH
Financing volume: € 35 million
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WELL POSITIONED
OUR PRODUCT RANGE
Are you planning to invest in real estate? Talk to us about your ideas. Together we can develop the
right financing strategy for your project.
OUR PRODUCTS
AT A GLANCE:
WHAT YOU CAN
COUNT ON:
// Medium to long-term financing of existing properties
// Interim financing
// Financing of project developments
// Financing of refurbishments
// Portfolio financing
// Acquisition financing
// Structuring
// Syndication/underwriting
// Derivatives (via NORD/LB)
// Professional and individual support
// Comprehensive market and industry knowledge
// Local know-how
// Tailored financing and term structures
// Quick approval process and fast implementation for finance
// Reliability and continuity
// Constructive collaboration on an equal standing
Besides traditional products, Deutsche Hypo also offers innovative approaches of commercial real estate finance.
From a strategic cooperation with insurance companies and pension funds as well as the structuring of credit funds,
we integrate financially strong financing partners. This is why we can also realize transactions of considerable
magnitude. This will benefit you.
WELL INFORMED
OUR PUBLICATIONS
We do not keep our know-how to ourselves. So that you can share in our experience and expertise, we publish:
// regular market analyses on current developments in the real estate markets
and in the real estate industry as well as
// the Deutsche Hypo Index, our real estate economy index that appears on
a monthly basis
DEUTSCHE HYPO IMMOBILIENKONJUNKTUR
INDEX 05-2016
Global Markets Real Estate
LOGISTIK UND E-COMMERCE
Available on our website*:
www.deutsche-hypo.de
APRIL-VERLUSTE
WIEDER AUSGEGLICHEN
MARKTBERICHT MAI 2016 | Die 101. Monatsbefragung des Deutsche
Hypo Immobilienkonjunktur-Index zeigt, dass die Experten der deutschen
Immobilienwirtschaft die aktuelle Lage weiterhin als stabil einschätzen. Der
Stimmungseinbruch aus dem April setzt sich nicht fort, sondern das Immobilienklima klettert um 4,8 Prozent auf sehr gute 139,5 Zählerpunkte, den
zweithöchsten Wert im laufenden Jahr. Die positiven Konjunkturrahmenbedingungen und die allgemein gute Verfassung des deutschen Immobilienmarktes ermöglichen diese positive Trendwende. Die Entwicklung wird dabei zu einem Großteil durch ein erheblich besseres Ertragsklima beeinflusst.
Mit 133,4 Zählerpunkten (Vormonat: 124,8; +6,9 %) konnten im Mai die
April-Verluste wieder ausgeglichen und ein höheres Niveau als im März erreicht werden. Auch das Investmentklima liegt mit einem Plus von 2,8 Prozent und nunmehr 145,8 Zählerpunkten wieder über dem März-Wert.
IMMOBILIENKLIMA BIS MAI 2016
Liebe Leserinnen, liebe Leser,
nach der hundertsten Ausgabe des
Deutsche Hypo-Index im vergangenen
Monat zeigt sich das Immobilienklima
im Mai frühlingshaft. Mit einer Steigerung um 4,8 Prozent auf 139,5 Zählerpunkte belegt es Platz 2 der in diesem Jahr verzeichneten
Werte. Auch die Immobilienkonjunktur steigt – zwar nur
leicht – um 0,1 Prozent auf 275,5 Zählerpunkte und stabilisiert sich damit.
Die Geschäfte laufen und der Immobilienmarkt ist nach wie
vor von positiven Rahmenbedingungen und nachhaltiger
Stabilität geprägt. So verzeichnen alle Asset-Klassen diesen
Monat Zuwächse.
Das Handelklima registriert sogar einen neuen Jahreshöchstwert mit 124,8 Zählern und auch Hotel- und Logistikimmobilien behaupten sich weiter. Das zeigt sich beeindruckend am Hotelklima, das wir seit sechs Monaten
untersuchen und welches im Mai – wie das Handelklima –
seinen bisherigen Jahreshöchststand von 146,2 Zählerpunkten erreicht.
B-DH-13009_Titelmotiv-GlobalMarkets_RZ_200813_2.indd 2
Indexwert
20.08.13 17:09
Die Skepsis von Anfang des Jahres scheint einer positiven
Grundstimmung gewichen zu sein. Die Liquiditätsschwemme und fehlende Anlagealternativen sowie ein stabiler Arbeitsmarkt führen zu steigenden Ergebnissen beim Investment- und besonders beim Ertragsklima, das um 6,9 Prozent
auf 133,4 Zählerpunkte geklettert ist. In dem Sinne: Genießen Sie den Frühling!
200
150
100
50
0
2008
Ihr Erfolg ist : unser Maßstab
2009
2010
2011
2012
2013
2014
2015
2016
Herzlichst,
Ihr Andreas Pohl
*Available in German and partly English
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BROAD INVESTOR BASIS
OUR FUNDING
Deutsche Hypo is one of the most renowned Pfandbrief banks in Germany and one
of the most well-known issuers in the market. In addition to Pfandbriefe, we also
issue unsecured bearer and registered bonds. In the current year 2016, we have
issued two Mortgage Pfandbriefe in benchmark format in the amount of € 1,250
million. For 2016 as a whole we are expecting a funding volume of € 5.0 billion.
We have longstanding relationships with a large number of German and international investors and therefore have a broad investor base. As with our real estate
financing business, we distinguish ourselves in our ­capital market business by our
ability to react quickly and flexibly to customer needs and market requirements.
In doing so we are able to optimally meet demand. Our cost-effective issuing
platform has proven itself as a competitive advantage in commercial real estate
financing.
Funding mix
■ Public Pfandbriefe
■ Mortgage Pfandbriefe
■ Unsecured
8,000
Structure breakdown
90 %
80 %
6,000
3,000
4,254
1,847
3,266
541
2,852
1,238
2,000
1,000
3,572
2,311
0
2012
1,970
3,550
2,725
1,614
96
1,450
1,602
70 %
Volumne in %
5,000
5,000
4,000
■ Benchmark ■ Structured
■ Private Placements
100 %
7,000
Volumne in € millions
12
60 %
70
69
73
70
1
2
50 %
40 %
30 %
20 %
10 %
1
29
31
26
28
2012
2013
2014
2015
0%
2013
2014
2015
Outlook 2016
SUCCESSFUL ISSUES
€ 500,000,000
€ 500,000,000
€ 500,000,000
€ 750,000,000
Mortgage Pfandbrief
Mortgage Pfandbrief
Mortgage Pfandbrief
Mortgage Pfandbrief
5 years
Maturity 29.07.2019
ISIN DE000DHY4382
7 years
Maturity 20.04.2022
ISIN DE000DHY4457
7 years
Maturity 22.02.2023
ISIN DE000DHY4614
8 years
Maturity 17.05.2024
ISIN DE000DHY4648
Lead Managers
DekaBank, DZ Bank,
HSBC, NORD/LB,
UniCredit
Lead Managers
BayernLB, Commerzbank,
Crédit Agricole CIB, DZ Bank,
NORD/LB + Bankhaus Lampe KG
(Co-Lead)
Lead Managers
BayernLB, Crédit Agricole CIB,
DZ Bank, NORD/LB,
HSBC
Lead Managers
BayernLB, Natixis, NORD/LB,
UniCredit + ABN AMRO,
Bankhaus Lampe (Co-Lead)
2014
2015
2016
2016
13
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TO A FRUITFUL COLLABORATION
TOGETHER WE CAN ACHIEVE GREAT THINGS
With Deutsche Hypo you can rely on a partner who will use its experience and
expertise to achieve success for you. Since we were founded, we have risen to the
challenge of achieving more for our customers. This is how we became one of the
most successful and most renowned Pfandbrief banks in Germany.
Our specialists will offer you a high level of know-how, flexibility and service. At the
same time great emphasis is placed on acting as a partner. We rely on strong, longterm business relationships and look forward to making your project a success with
you. Because:
Your success is : our benchmark
CONTACTS
YOUR CONTACTS
WE WILL FIND THE RIGHT FINANCING SOLUTION FOR YOU.
COME AND TALK TO US:
Office Frankfurt
Head
Ingo Albert
Tel.
+49 69 219 351 812
Mobile +49 172 5182592
[email protected]
Real Estate Investment Banking
Head
Dieter Koch
Tel.
+49 511 3045-871
Mobile +49 173 2450107
[email protected]
INTERNATIONAL PROPERTY FINANCE
Office Hanover/Saving Banks Network
Head
Alois Algermissen
Tel.
+49 511 3045-591
Mobile +49 172 5103037
[email protected]
Structured Finance/International Real Estate
Head
Sabine Barthauer
Tel.
+49 511 3045-740
Mobile +49 172 5417570
[email protected]
OFFICE AMSTERDAM
Institutional Investors
Head
Christoph Hötzel
Tel.
+49 69 219 351 810
Mobile +49 172 511 6517
[email protected]
Central Acquisition
Head
José Luis Calderón Martínez
Tel.
+49 511 3045-807
Mobile +49 173 2365065
[email protected]
OFFICE LONDON
Office Hamburg
Head
Thomas Hansen
Tel.
+49 40 376 55-310
Mobile +49 172 5116515
[email protected]
Hotel Financing
Head
Uwe Niemann
Tel.
+49 511 3045-771
Mobile +49 172 4279302
[email protected]
OFFICE PARIS
Office Munich
Head
Harald Nolterieke
Tel.
+49 89 512 66 70
Mobile +49 172 4545019
[email protected]
Customers North Rhine-Westphalia
Head
Peter Kleinhütten
Tel.
+49 211 598951910
Mobile +49 152 01518500
Peter.Kleinhü[email protected]
OFFICE WARSAW
Head
Thomas Staats
Tel.
+49 511 3045-163
Mobile +49 172 9234419
[email protected]
Head
Wouter de Bever
Tel.
+31 20 691 45 51
Mobile +31 65 0737390
[email protected]
Head
Markus Nitsche
Tel.
+44 20 742 947 00
Mobile +44 77 95262414
[email protected]
Head
Anne-Isabelle Carbonnières
Tel.
+33 1 550 484 85
Mobile +33 6 297 947 22
[email protected]
Head
Beata Latoszek
Tel.
+48 22 828 02 53
Mobile +48 78 6865732
[email protected]
15
Deutsche Hypothekenbank
(Actien-Gesellschaft)
Osterstraße 31
30159 Hannover
Telefon +49 511 3045-0
Telefax +49 511 3045-459
[email protected]
www.Deutsche-Hypo.de