Market Overview

Wells Fargo to Acquire Hypothekenbank Frankfurt UK Commercial Real Estate Portfolio from Commerzbank


Wells Fargo & Company (NYSE: WFC) has signed an agreement to acquire Commerzbank's
Hypothekenbank Frankfurt (formerly Eurohypo) U.K. commercial real estate
portfolio. The transaction includes a £4.0 billion ($6.05 billion)
portfolio of commercial real estate loans comprised of high-quality
institutional assets throughout the U.K. with a focus in London. A
portion of the portfolio, consisting of approximately £1.3 billion
($1.96 billion) of non-performing assets, will be acquired by Lone Star
Funds, with Wells Fargo providing the financing. The transaction is
expected to close in Q3 2013.

“This transaction, in combination with Wells Fargo's long standing real
estate expertise, will help create a best-in-class commercial real

See full press release

Posted-In: News Guidance Contracts Asset Sales M&A Global


Related Articles (WFC)

View Comments and Join the Discussion!