 | |
| Company type | Government-owned corporation |
|---|---|
| Industry | Financial services |
| Founded | 2003 |
| Headquarters | Munich, Germany |
Key people | Manuela Better (acting CEO), Bernd Thiemann (Chairman of the supervisory board) |
| Products | Commercial property financing, infrastructure and public finance, capital markets and asset management |
 €257 million (2011) | |
| Total assets | €236.6 billion (2011) |
| Owner | SoFFin |
Number of employees | 1,419 (2011) |
| Website | www |
The Hypo Real Estate Holding AG is a holding company based in Munich, Germany which comprises many real estate financing banks. The company's activities span three sectors of the real estate market: commercial property, infrastructure and public finance, and capital markets and asset management. Hypo Real Estate is the second largest commercial property lender in Germany.[1]
The bank originated in 2003 from the real estate financing business of HypoVereinsbank. It employs about 2,000 people and was one of the 30 members of the DAX stock market index of the largest German companies between December 2005 and December 2008, before the shares were demoted to the MDAX. Its shares were further demoted to the SDAX in September 2009. In 2007 it acquired the public finance company Depfa Bank.[2] The company remains a legal entity as a wholly owned subsidiary of the Hypo Real Estate Group.
The firm received a bailout from the Deutsche Bundesbank and other German banks in October 2008 during the financial crisis of 2007–2008, before approving a complete nationalization a year later.
- ^ "Deal to save Germany's Hypo Real Estate fails". NBC News. Associated Press. 4 October 2008.
- ^ "Hypo Real Estate buy of Depfa cleared by EU". Reuters. AFX News. 10 August 2007.