PIE Events
- German Property Breakfast
14 February 2012
Stockholm
- Distressed Property Breakfast
22 February 2012
London
- Central and Eastern Europe Real Estate Conference
03-04 May 2012
Vienna, Austria
Germany's Aareal to resume new lending, not only extensions
Germany's Aareal bank will boost new business, including credit extensions, to as much as E5bn this year from E3.8bn in 2009 and intends to act in an anti-cyclical manner in markets such as the UK, where it will offer refinancing for CMBS deals coming due. CEO Wolf Schumacher told a news conference it made virtually no new loans last year; some 96% of total business were extensions. (See upcoming PIE Editions for full story)