BauBeCon Immobilien GmbH
BauBeCon Immobilien GmbH is a 100% subsidiary of Deutsche Wohnen AG. Its main operational business activity is managing its portfolio, which focuses on residential property.
During BauBeCon’s recent debt restructuring, NORD/LB provided the company with a combination of variable interest rates and interest hedging tools that was tailored to best meet its requirements. The finance package is a long-term arrangement that is secured by around 4,000 residential properties.
ZBI Wohnen Plus I
ZBI Gruppe specialises in residential real estate in Germany. The group, which has its headquarters in Erlangen, has been developing residential real estate funds for private and institutional investors since 2002 and has a positive track record with the funds it has previously established.
The special AIF, ‘ZBI Wohnen Plus I’, which was launched in the second quarter of 2016 and is aimed at institutional investors, is already very well-positioned on the market. NORD/LB coordinated the financing of the real estate purchase prices for this fund and, having involved additional banking partners, it also acted as the syndicate leader. This finance solution gave ZBI sufficient time to attract investor capital, thus also enabling it to protect its own equity capital resources.
Structured Finance Management
The real estate group meravis is owned by Sozialverband Deutschland, a German socio-political advocacy organisation. It manages around 14,000 residential and commercial units, some of which belong to meravis and some to other owners. Most of the real estate is located in Hanover, Hamburg and North Rhine-Westphalia.
For a company of this scale, there are obvious advantages to structured finance management. On behalf of meravis and with the aim of optimising interest expenses, NORD/LB consolidated numerous loans and therefore also numerous interest rate adjustment dates. Our customer benefits from interest savings, interest rate hedging and balance sheet optimisation.