German lender BayernLB is edging closer to its goal of doing 鈧�3 bn in new business this year, Bernd Mayer, head of BayernLB鈥檚 real estate division, said at Expo Real this week.
German lender BayernLB is edging closer to its goal of doing 鈧�3 bn in new business this year, Bernd Mayer, head of BayernLB鈥檚 real estate division, said at Expo Real this week.
鈥榃e have already done 鈧�2 bn in new business this year (to end-September), of which around 85% was in Germany,鈥� Meyer said. 鈥極ur target for the year is 鈧�2.5 bn to 鈧�3 bn, which is achievable,鈥� he said.
Around 85% of BayernLB鈥檚 loan portfolio is in its home market, Meyer said, with the remaining 15% split between the rest of Europe and North America.
Earlier this month, the bank provided 鈧�76 mln in financing to Hamburg-based Wegner group for a logistics centre in Worms. The 52,000 m2 facility is fully let to Robert Bosch.
