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ING Bank

CATEGORY
Financing Provider of the Year, CEE
We are one of the most active financiers in CEE region. Within last 12 months, we completed variety of property financing transactions totalling EUR 1.5bn (ING share EUR 737m), including acquisition facilities, secured and unsecured facilities, x-border portfolio financings and PRS financing with privatization structure. We are able to lead the underwriting of big and complex transactions thanks to our leading syndication platform (f.e. unsecured term loan of EUR 500m for CTP with liquidity from Japanese insitutions). We differentiate our offers by incentivising green buildings in line with our global sustainability strategy and structuring green loans, sustainability improvement loans, sustainability linked loans. Apart from lending, our tailored financial products span from equity and debt capital market services, rating advisory, payments and cash management, escrow solutions and M&A advisory, subscription line facilities, depository, and financial market solutions.
Name of company
ING Bank
Department head or senior representative in CEE, real estate
Michael Shields
Department head or senior representative profile
Michael, who joined ING in May 2004, has over 30 years of experience in real estate lending, asset management, restructuring and workouts. He currently is responsible for ING Real Estate activities in EMEA (incl. CEE) as well as heading Real estate International Client Coverage activities. Prior to his current role, he led ING Real Estate lending activities in the APAC, USA, UK and Southern Europe.
A short description of the company's activities in the field of commercial real estate financing in CEE region
ING is one of the top five largest real estate banks in Europe, with strong presence across CEE (Poland, Czechia, Slovakia & Romania). We provide secured and unsecured tailored real estate financing solutions including refinancing, acquisition financing and development loans. The current portfolio allocation is split between traditional and asset classes, including office, retail, logistics, and residential, and the balance to alternative asset classes such as student housing.
Portfolio of credit transactions in CEE region (within the timeframe specified by the organizer)
Total volume of NEW real estate financing transactions closed by ING in CEE region within the specified timeframe amounted to EUR 1.5bn (total deals amount) while ING total share in those transactions amounted to EUR 737m.
Major transactions include: financing of Cerny Most shopping centre in Prague (Unibail-Rodamco-Westfield), refinancing of Heimstaden Bostad residential portfolio in Poland (EUR 110m), financing acquisition of logistics portfolio by institutional investor (EUR 92m), financing of acqusition of High5 for Stena, refinancing of x-border logistics portfolio in Poland and Romania (EUR 57m, Fortress REIT), refinancing of multiple retail park portfolios (LCP), refinancing & acquisition financing of retail park portfolio (New Gate Investments), refinancing of PRS portfolio (Resi4Rent), financing of retail asset (BIG), Revolving Credit Facility (NEPI Rockcastle / Romania), term loan for CTP (Czechia), financing for HB Reavis (Slovakia).
Value of transactions in the real estate market in CEE region, within the timeframe specified by the organizer
1500000000
Value of credit and refinancing for shopping centres in CEE region (within the timeframe specified by the organizer, in EUR)
461000000
Value of credit and refinancing for offices in CEE region (within the timeframe specified by the organizer)
97000000
Value of credit and refinancing for warehouses in CEE region (within the timeframe specified by the organizer)
670000000
Value of credit and refinancing for PRS sector in CEE region (within the timeframe specified by the organizer)
272000000
Company website
https://www.ingwb.com/en/sector/real-estate-finance