Helvetic Financial Services (HFS) AG, a wholly-owned subsidiary of CORESTATE, has exceeded the Euro 1.2bn fund volume mark for the first time. The mezzanine finance provider has thus extended its market leadership in the real estate development financing segment in Germany. HFS currently provides financing for around 60 projects with a combined volume of Euro 7bn, nearly 80% of which are residential.
Helvetic Financial Services (HFS) AG, a wholly-owned subsidiary of CORESTATE Capital Holding S.A. (CORESTATE), has exceeded the Euro 1.2bn fund volume mark for the first time. The mezzanine finance provider has thus extended its market leadership in the real estate development financing segment in Germany. HFS currently provides financing for around 60 projects with a combined volume of Euro 7bn, nearly 80% of which are residential. CORESTATE bought HFS one year ago.
Complementing the traditional real estate banks, HFS with its subordinated capital is one of the key project financiers for the pressing residential development in German metropolitan areas. Around 60% of the real estate projects financed are located in the top 7 major cities in Germany with their well-known structurally high excess demand.
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