Hypo Real Estate Makes Offer for Depfa Bank PLC
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Hypo Real Estate Group is making a bid to takeover the Depfa Bank PLC which would create a 10 billion dollar company that would be a powerhouse in commercial real estate finance. Depfa is an Irish based company while Hypo hails from Germany causing their to be some regulatory hurdles to be overcome, but the deal is designed to make the combined companies leaders in the commercial real estate market.
Hypo Real Estate will issue about 67 million new shares to Depfa shareholders, and pay them 2.4 billion euros ($3.3 billion) in cash. Depfa, which specializes in public-sector finance, will become a wholly owned subsidiary of Hypo but keep its name, headquarters and brand identity.
Hypo Real Estate, which provides large-volume commercial real-estate financing, said in a statement that the 5.7 billion-euro acquisition would create one of the world’s leading providers of financing for commercial real estate, the public sector, and infrastructure projects. via the Houston Chronicle.
It probably is a really good time to buy real estate - monthly payments are about equal to market rents ...
The part about the inventory is right on but in my area they are mostly low end and beat up ...
I worked for this man, he is a great con man and has done this in more than States then ...
You're right. If you come from Central Jersey (as the Boss and I do), you go to Florida at some ...
Maybe it was kryptonite...
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By Mike ...
I couldn't agree more.
The newspaper has always "stuck" it to the real estate agent with rates that were much higher ...
By the way, homeowners trying to get short sale approval should be aware that lenders are comparing the initial loan ...
Ouch! Thankfully I haven't come across anything like that yet. We normally don't have situations like that in ...
well, the guy was here illegally.
serves him right. 
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