Aareal Bank AG: Aareal Bank participates in property investment platform BrickVest
Aareal Bank participates in property investment platform BrickVest
Wiesbaden, 8 October 2018 - Aareal Bank Group continues to advance its digitalisation initiative and intends to participate in BrickVest, one of the leading European online platforms for commercial property investments. The planned acquisition of a non-controlling interest is anchored in a framework agreement and is subject to the final due diligence and documentation. Both parties have agreed not to disclose the conditions of the planned transaction.
BrickVest, headquartered in London, is the only online platform in the European property sector that is fully regulated by the financial supervisory authorities. With its platform, the company aims at addressing the entire range from equity to mezzanine to senior financings in an easy and cost-efficient way.
Aareal Bank is already the second renowned German bank to commit to BrickVest. By entering BrickVest, Aareal Bank as a leading international provider of commercial property financing participates in a digital model for the future, which will become increasingly important for commercial property financing over the next few years.
Chairman of the Management Board Hermann J. Merkens explains: "BrickVest is a start-up company that has a comprehensive understanding of real estate, the capital market, regulations and technology. It therefore perfectly fits our commitment to innovation and digitalisation, which is also one of the main strategic directions of our "Aareal 2020" programme for the future. By investing in BrickVest, we consistently pursue this path."
Thomas Schneider, co-founder and Chief Investment Officer at BrickVest: "We are delighted to have won over Aareal Bank as our partner ? it is already the second renowned financial institution we are working with. This proves that it has been worthwhile to opt for full regulation from the outset. It also represents another important milestone on our growth path, especially for our B2B platform BrickVest Select which is aimed at professional investors and deal sponsors in the fields of equity, debt and mezzanine."
Aareal Bank Group Aareal Bank Group, headquartered in Wiesbaden, is a leading international property specialist. It provides smart financings, software products, and digital solutions for the property sector and related industries, and is present across three continents: Europe, North America and Asia. Aareal Bank AG, whose shares are included in Deutsche Börse's MDAX index, is the Group's parent entity. It manages the various entities organised in the Group's two business segments: Structured Property Financing and Consulting/Services. The Structured Property Financing segment encompasses all of Aareal Bank Group's property financing and funding activities. In this segment, the Bank facilitates property investment projects for its domestic and international clients, within the framework of a three-continent strategy covering Europe, North America and Asia. In its Consulting/Services segment Aareal Bank Group offers its European clients from the property and energy sectors a unique combination of specialised banking services as well as innovative digital products and services, designed to help clients optimise and enhance the efficiency of their business processes.Contact: Aareal Bank AG Corporate Communications Sven Korndörffer Phone: +49 611 348 2306 firstname.lastname@example.org Cornelia Müller Phone: +49 611 348 2457 email@example.com Christian Feldbrügge Phone: +49 611 348 2280 firstname.lastname@example.org
08.10.2018 Dissemination of a Corporate News, transmitted by DGAP - a service of EQS Group AG.The issuer is solely responsible for the content of this announcement.The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases. Archive at www.dgap.deLanguage: English Company: Aareal Bank AG Paulinenstr. 15 65189 Wiesbaden
Germany Phone: +49 (0)611 348 - 0 Fax: +49 (0)611 348 - 2332 E-mail: email@example.com Internet: www.aareal-bank.com ISIN: DE0005408116 WKN: 540811 Indices: MDAX Listed: Regulated Market in Frankfurt (Prime Standard); Regulated Unofficial Market in Berlin, Dusseldorf, Hamburg, Munich, Stuttgart, Tradegate Exchange; Stockholm End of News DGAP News Service