German real estate financier Helaba remains committed to the French market following the departure of Roland Fuchs as managing director of its French office, general manager Michael Kr枚ger said in a reaction.
German real estate financier Helaba remains committed to the French market following the departure of Roland Fuchs as managing director of its French office, general manager Michael Kr枚ger said in a reaction.
On Tuesday Allianz Real Estate announced that it had appointed Fuchs head of European real estate finance with effect from 1 October.
Kr枚ger said he was sorry to see Fuchs go, but congratulated him on his new position at Allianz, which he said, represented an 鈥榠nteresing new challenge鈥�. 鈥榃e aim to have a new replacement at our French office by the end of the year.鈥�
Helaba has been active in real estate lending in France since 1995 and currently has a lending portfolio in the country of some 鈧�2.5 bn. This year, the German financier is targeting between 鈧�500-600 mln of new business in the French market.
Fuchs has over 20 years of experience in the European real estate finance business, both in origination and portfolio management.
Allianz RE said that Fuchs had succeeded in positioning Helaba as a major bank in the French real estate financing market.
