Helaba Landesbank Hessen-Thüringen has won the CEE Real Estate Award 'Banking & Financial Services Company of the Year 2008'. With the CEE Real Estate Quality Awards, the CEE Insight Forum, in cooperation with the Financial Times recognizes outstanding projects, investors and market participants in the real estate sector in Central and Eastern Europe. The decision was made by a jury of 15 well-reputed international experts. In the presence of five hundred leading representatives of the real estate industry from more than thirty countries, the award was presented in Warsaw on February 25.
Decisive for the award was the fact that Helaba's business model remained unchanged, that the Bank had a clear business strategy, proved its reliablity and was constantly available for its customers, even in a currently challenging market environment. "We are very pleased with this award, especially at this point in time," explained Michael Kröger, responsible for Helaba's real estate lending business in Northern and Central Europe. "With regard to our still rather young activities in these markets, we see the award as confirmation that we are on the right path."
Since the start of Helaba's activities in Central Europe in the year 2006, real estate financings of more than 1.9 billion have been provided, specializing in particular in acquisition financings and structured financings for international investors and funds. The activities currently focus on the markets in Poland, the Czech Republic and Slovakia.