Case studies

Deutsche Hypo and HypoVereinsbank finance Sofitel in Munich

Deutsche Hypothekenbank and HypoVereinsbank are extending their finance portfolios with a hotel of the Sofitel chain in Munich, the ‘Sofitel Munich Bayerpost’. HypoVereinsbank and syndicate leader Deutsche Hypo are each providing half of the total finance of EUR 80 million. The borrower is Hotel Bayerpost München GmbH & Co. KG, a property fund owned by Cologne-based E&P Real Estate GmbH & Co. KG. The investment company acquired the former Royal Bavarian Central Post Office in Munich in 2001 and turned it into a first-class hotel.

The 5-star hotel of 30,646 sqm has 396 rooms, 57 of which are exclusive suites. It offers its guests two restaurants, a bar, conference rooms and a spa. It also has an underground car park with 70 parking spaces. The listed hotel building from the Gründerzeit impresses with its architecture. As the former Royal Bavarian Central Post Office, the ‘Sofitel Munich Bayerpost’ occupies a central location right next to Munich Central Railway Station.

>Furhter information (in German only)

DG HYP and Deutsche Hypo finance "Dreischeibenhaus" office tower in Düsseldorf

Syndicate leader DG HYP has together with co-arranger Deutsche Hypo taken on the project finance for the “Dreischeibenhaus” in Düsseldorf. When it has been completed, the total cost of the project will be around EUR 220 million. The project developer is the Momeni Group, which has Black Horse Development GmbH and its sole owner Patrick Schwarz-Schütte of Düsseldorf as its project partner.

The 94-metre-tall “Dreischeibenhaus” has a useful floor area of around 35,000 sqm on 25 floors above ground level. It also has 260 underground parking spaces. The building is being completely renovated in accordance with “green building criteria” and will therefore meet high environmental standards. The lobby and façade of the office tower built in 1960 enjoy protected status. From the time it was built up until 2010, the building was used by the steel concern Thyssen AG and its successor ThyssenKrupp AG as its head office. The renovation work is expected to be completed in mid-2013.

>Further information (in German only)

Power of attorney

The Deutsche Hypo takes over the implementation of NORD/LB's commercial real estate banking. Listed below you can find the respective authorizations:

>Power of attorney (PDF, 50 KB)
>Power of attorney (derivatives business) (PDF, 49 KB)

The original German version is signed and legally binding:
>Power of attorney Deutsche Hypo (in German only) (PDF, 51 KB)
>Power of attorney Deutsche Hypo derivates business (in German only) (PDF, 52 KB)