ANNUAL REPORT 2006 - DG Hyp

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Growth of foreign markets The foreign real estate markets in which DG HYP has representative offices once again enjoyed positive growth in 2006. London in particular continues to be at the European forefront with high rental figures, double-digit rent increases and significant reductions in vacancy levels. In the US, growth on the real estate markets was very pleasing in 2006 – defying many forecasts. As a result of increasing employment figures, demand for office space is increasing again. Vacancy rates are falling and prices are increasing, especially where levels of new construction are failing to meet demand. Continuation of expansion for commercial real estate finance For commercial real estate finance, DG HYP leverages its market and product expertise for both direct business with real estate investors on its core German market as well as in its cooperation with cooperative banks via syndicated loans for primary banks’ commercial customers. DG HYP was able to use this as its foundation for its strategic expansion over the past few years in commercial real estate finance: this has continued in 2006. New business and loan extensions reached € 2,378 million during 2006, which equates to a 7.9 per cent year-on-year increase (2005: € 2,204 million). DG HYP has thus succeeded in successfully positioning itself on the market with its decentralised structure of six Real Estate Centres in Germany’s main financial cities. International business also enjoyed pleasing growth. The proportion of foreign finance to new business increased perceptibly, from 6.3 per cent last year to 19.1 per cent in 2006. DG HYP has representative offices in London and New York: these locations form the focus of DG HYP’s involvement in international real estate finance. 22 Deutsche Genossenschafts-Hypothekenbank AG | Annual Report 2006 Management Report
Deutsche Genossenschafts-Hypothekenbank AG | Annual Report 2006 23
Page 1 and 2: Deutsche Genossenschafts-Hypotheken
Page 3 and 4: CONTENTS Letter from the Management
Page 5 and 6: In the past few years, DG HYP has s
Page 7 and 8: PROPORTION OF RESIDENTIAL REAL ESTA
Page 9 and 10: DEVELOPMENT IN DEMAND FOR RESIDENTI
Page 11 and 12: From DG HYP’s perspective, immo e
Page 13 and 14: Active portfolio management as a ke
Page 15 and 16: Deutsche Genossenschafts-Hypotheken
Page 17 and 18: Management Report The sales drive f
Page 19 and 20: Management Report RESIDENTIAL REAL
Page 21 and 22: 1 2 3 1 2 3 Office Building “Kant
Page 23: Management Report Commercial buildi
Page 27 and 28: Management Report Overall, new port
Page 29 and 30: Management Report LOCAL AUTHORITY L
Page 31 and 32: Management Report REFINANCING STRUC
Page 33 and 34: Management Report FINANCIAL SITUATI
Page 35 and 36: Management Report Costs development
Page 37 and 38: Management Report strategy, monitor
Page 39 and 40: Management Report c) Credit scoring
Page 41 and 42: Management Report DG HYP VaR (10-DA
Page 43 and 44: Management Report A system for coll
Page 45 and 46: Management Report NUMBER OF EMPLOYE
Page 47 and 48: Management Report Business Developm
Page 49: FINANCIAL STATEMENTS Financial Stat
Page 52 and 53: ASSETS BALANCE SHEET 31 Dec 2005
Page 57: PROFIT AND LOSS ACCOUNT FOR THE PER
Page 60 and 61: Notes to the Financial Statements N
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Notes to the Financial Statements N
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Notes to the Financial Statements C
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Notes to the Financial Statements A
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Notes to the Financial Statements A
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Notes to the Financial Statements O
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Notes to the Financial Statements (
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The following is an English transla
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In regular discussions with the Cha
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Corporate Bodies and Committees; Ex
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Corporate Bodies and Committees; Ex
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ANNUAL REPORT 2006 - DG Hyp

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