Berlin Hyp

What Berlin Hyp does

Berlin Hyp is a specialist commercial real estate financier headquartered in Berlin, operating since 1869 (155 years of history) and functioning as the centre of expertise for CRE finance within the LBBW universal banking group since the August 2025 transfer of business via partial universal succession. The company underwrites large-volume loans across all mainstream asset classes (office, residential, retail, logistics, hotels) for professional investors, capital investment companies, real estate funds, selected project developers, and municipal/social housing companies, with bilateral, syndicated, and club-deal structures. As of 31 December 2025, it reported €61 billion of CRE exposure and €14 billion in 2025 new lending.

The product platform combines traditional mortgage and construction financing with an ESG-structured suite — Energy Efficiency Loans, Taxonomy Loans, Social Loans, and Green Loans — complemented by covered-bond funding through conventional Pfandbriefe, Green Pfandbriefe, Social Pfandbriefe, and a Blockchain Pfandbrief issued under the German Electronic Securities Act. Digital infrastructure includes the ImmoDigital hub, Syndication Hub, ImmoBar, and KYC Digital applications, which standardise participation for the 183 German savings banks in business relationship (110 actively on ImmoDigital) and international syndicate partners.

Revenue is generated primarily through net interest income on the €61 billion loan book, supplemented by net commission income from syndication, Agency Desk administration, and arrangement fees on Pfandbrief and ESG bond issuance (€10.5 billion in outstanding ESG bonds, 20 issues). With a 14.4% CET1 ratio, 9.8% ROE, and €775 million fund for general banking risks, Berlin Hyp combines balance-sheet strength with category leadership in green and social covered-bond issuance — the most active ESG bond issuer in European commercial banking. International presence spans Amsterdam, Paris, Warsaw, New York, London, and Toronto.

Name

Berlin Hyp

Legal name

Berlin Hyp, Unselbstständige Anstalt der Landesbank Baden-Württemberg

Website

https://berlinhyp.de

Company type

Private

Founded year

1869

Operating status

Operating

Headcount range

501–1,000 employees

Short description

Berlin Hyp is a German specialist commercial real estate financier (€61 billion exposure) operating as the centre of expertise for CRE finance within the LBBW Group, serving professional investors, housing companies, and project developers with bilateral, syndicated, and ESG-structured financing.

Ownership category

akta.pro rank

Product category

Commercial Real Estate Banking

NAICS

Real Estate Credit (522292), Depository Credit Intermediation (5221)

SIC

Mortgage Bankers & Loan Correspondents (6162), Asset-Backed Securities (6189)

akta.pro primary industry

Non-Agency/Private-Label RMBS Securitization & Issuance (FSALAFAB)

Keywords

• Commercial real estate financing
• Syndicated loan services
• Pfandbrief covered bonds
• ESG real estate lending
• Savings bank partnerships

Headquarters

HQ city

Berlin

HQ country

Germany

HQ region

Europe

Offices12 records

Markets served

GTM type

B2B

Offering type

Services

Cost components

Personnel, Operations, Technology or R&D, Marketing or Sales, Infrastructure

Revenue model

1. Net Interest Income: Primary revenue stream from mortgage loans and real estate financing activities. Interest income generated from large-volume commercial real estate financing for professional investors, housing companies, and project developers.
2. Net Commission Income: Fees from syndication services, agency desk activities, and arrangement of syndicated loans for clients including banks, insurance companies, and institutional investors.
3. Capital Market Products: Revenue from issuing Pfandbriefe (covered bonds), Green Pfandbriefe, Social Pfandbriefe, and other ESG bonds. Berlin Hyp is the most active issuer of green bonds in European commercial banking sector with €10.5 billion in outstanding ESG bonds.

Go-to-market motion2 records

Distribution channels4 records

Marketing channels5 records

Core offering

Berlin Hyp is a commercial real estate financier that provides large-volume mortgage loans, syndicated financing, club deals, and ESG-aligned financing products (Green Loans, Social Loans, Energy Efficiency Loans, Taxonomy Loans) for professional investors, capital investment companies, real estate funds, housing companies, project developers, and German savings banks. The institution also issues Pfandbriefe (covered bonds) including conventional, Green, Social, and blockchain-based variants for refinancing, and operates digital platforms (ImmoDigital, Syndication Hub, ImmoBar) enabling standardized syndicate participation for partner savings banks and institutional investors.

Product overview

Berlin Hyp is a commercial real estate financing institution that operates as a center of expertise within the LBBW Group. The company's offerings consist of a core commercial real estate financing platform supplemented by multiple digital platforms and specialized financing products. The core offering includes large-volume financing for all common asset classes (office, residential, retail, logistics, hotels) as individual properties or portfolios, supported by traditional mortgage loans, guarantees, and construction/development financing. Berlin Hyp's product suite includes ESG Products (Energy Efficiency Loans, Taxonomy Loans, Social Loans, Green Loans) designed for sustainable properties and affordable housing, which can be combined with standard financing offerings. The company also provides access to KfW funding programs. The platform is complemented by S-Group Business services for German savings banks (including ImmoDigital and ImmoBar platforms), Syndicate Business operations with Agency Desk services for managing syndicated loans, and specialized refinancing products including conventional Pfandbriefe, Green Pfandbriefe, Social Pfandbriefe, and the innovative Blockchain Pfandbrief.

Differentiator

Problem solved

Functional benefit

Brands

• ImmoDigital: Innovative digital hub for syndicate business with German savings banks
• Syndication Hub
• ImmoBar
• KYC Digital

Products and services

• Commercial Real Estate Financing (Gewerbliche Immobilienfinanzierung) Large-volume mortgage lending for commercial real estate across all major asset classes (office, retail, residential, logistics, hotels), offered as individual property or portfolio financings, for professional investors, housing companies, and project developers.
• ESG Financing Products (Green Loans, Social Loans, Energy Efficiency Loans, Taxonomy Loans) Sustainable financing products including Green Loans, Social Loans, Energy Efficiency Loans, and Taxonomy Loans that can be combined with all financing offerings, supporting environmentally and socially sustainable properties and affordable housing.
• Construction and Development Financing Financing solutions for construction projects and real estate development, including project development financing and long-term financing for new builds and major refurbishments.
• Traditional Mortgage Loans Standard mortgage lending products secured by real estate collateral for commercial real estate borrowers.
• Guarantees and Building Contractor Financing Guarantee products and financing solutions for building contractors supporting construction projects.
• S-Group Business (Sparkassen Partnership) Partnership services for German savings banks including standardized investment formats (Immo product range) and traditional S-Group business operations, enabling Sparkassen to participate in commercial real estate financing.
• Syndicate Business Full-service syndicated loan arrangements, club deals, and coordinated financing solutions for domestic and international transactions with banks, insurance companies, and institutional investors.
• Agency Desk Services Administrative management services for syndicated loans including loan management, collateral coordination, and communication between financing parties.
• ImmoDigital Platform Innovative digital hub for syndicate business with German savings banks, providing standardized investment formats and transaction management. Used by 110 savings bank institutions.
• Syndication Hub Digital storefront for syndicate business with banks and international investors, enabling transaction flow for syndicated loan participation.
• ImmoBar Product enabling savings banks to participate in Berlin Hyp financing operations on a cash basis and on equal footing.
• Pfandbrief Products (Conventional and Green Pfandbriefe) Covered bond products including conventional Pfandbriefe and Green Pfandbriefe for refinancing commercial real estate loans, with Moody's Aaa rating.
• Social Pfandbrief ESG-themed covered bond for financing affordable housing projects, with Moody's Aaa rating.
• Blockchain Pfandbrief First syndicated Pfandbrief issued on the basis of the German Electronic Securities Act (eWpG) and blockchain technology.
• KfW Funding Programs Access Access to KfW investment and development bank funding programs, integrated with Berlin Hyp financing offerings.

Quantifiable outcome

• €10.5 billion in outstanding ESG bonds, making Berlin Hyp the most active green bond issuer in European commercial banking
• +2 more outcomes

Named customers12 records

Segments5 records

Ideal customer profiles5 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature4 records

Partnerships

15 partnerships are on record, tiered core and minor.

• INGcoreStrategic or Co-development Partner · 1 January 2026Joint loan extension with Berlin Hyp for Goodman logistics portfolio financing.
• 7RminorChannel Partner/ Reseller/ Distributor · 1 January 2025Polish developer of logistics parks. Five logistics parks sold to INVESTIKA Real Estate Fund with Berlin Hyp providing €91.5 million sole lender financing.
• BUD Holdings SAminorStrategic or Co-development Partner · 1 January 2025Joint venture partner with INVESTIKA Real Estate Fund for acquisition of five logistics parks from 7R in Poland totaling 212,500 m².
• pbb Deutsche PfandbriefbankcoreStrategic or Co-development Partner · 1 January 2024Consortium partner with Helaba and Berlin Hyp for €180 million Green Loan for IMMOFINANZ 'myhive Warsaw Spire'. Five-year term financing.
• Deutsche Hypo – NORD/LB Real Estate FinancecoreStrategic or Co-development Partner · 1 January 2023Consortium partner for €260 million Green Loan refinancing of 'Hoog Catharijne' shopping centre in Utrecht for Klépierre Group.
• Natixis CIBcoreStrategic or Co-development Partner · 1 January 2023Consortium partner for €260 million 'Hoog Catharijne' Green Loan. Acted as Green Loan Coordinator in the financing.
• Société GénéralecoreStrategic or Co-development Partner · 1 January 2023Consortium partner for €260 million 'Hoog Catharijne' Green Loan. Acted as Hedging Coordinator in the financing.
• HelabacoreStrategic or Co-development Partner · 1 January 2019Joint financing partner for Aurelis Real Estate 'Emma portfolio' (46 properties). Originally financed in equal parts by Helaba and Berlin Hyp with mid triple-digit million volume. Extended ahead of schedule until November 2030.
• Urban Land Institute (ULI)minorStrategic or Co-development Partner · 1 January 2014Engaged in ULI since 2014 - a global network with over 45,000 members sharing expertise on sustainable and liveable urban development.
• Sparkassen-Finanzgruppe (German Savings Banks)coreStrategic or Co-development PartnerBerlin Hyp serves as a partner to German savings banks for all aspects of real estate financing. With 183 savings bank institutions maintaining business relationships and 110 using the ImmoDigital platform, Berlin Hyp operates as an S-Group partner providing standardized investment formats through ImmoBar.
• vdp (Verband deutscher Pfandbriefbanken)coreStrategic or Co-development PartnerBerlin Hyp is the creator of the Green Pfandbrief and transferred the trademark to vdp to strengthen the instrument. Active in various working groups and committees within the Association of Pfandbrief Banks.
• ZIA (Zentraler Immobilien Ausschuss)minorStrategic or Co-development PartnerActively involved in working bodies and committees within the umbrella organisation of the German real estate industry.
• Madaster GermanyminorStrategic or Co-development PartnerOne of 22 founding members and Kennedy member of Madaster Germany, actively contributing to establishing material registers for buildings to strengthen raw materials cycle and reduce waste.
• DGNB (Deutsche Gesellschaft für Nachhaltiges Bauen)minorStrategic or Co-development PartnerMember of DGNB. B-One headquarters achieved platinum certification according to DGNB's highest sustainability standard.
• Kinderhaus Berlin–Mark Brandenburg e.V.minorOthersCommitted to helping disadvantaged children, young people and families since 2005. Deep relationship of mutual trust developed over more than twenty years of cooperation through sponsoring school cones, Christmas campaigns, and helping children move into their own home.

Scale indicators18 records

Recent moves7 records

Expansion highlights6 records

Direct peers

• Helaba: Helaba's real estate lending unit is one of the largest German commercial real estate financiers and a recurring consortium partner with Berlin Hyp (e.g., Aurelis 'Emma portfolio', IMMOFINANZ 'myhive Warsaw Spire'). It serves the same institutional CRE financing market with comparable German savings bank linkages and Pfandbrief issuance.
• Deutsche Hypo – NORD/LB Real Estate Finance: Deutsche Hypo is one of the leading German commercial real estate financiers and a direct consortium partner with Berlin Hyp (e.g., Klépierre Hoog Catharijne Green Loan). It competes head-to-head in German and international large-volume CRE lending and Pfandbrief issuance.
• pbb Deutsche Pfandbriefbank: pbb Deutsche Pfandbriefbank is a specialist CRE and public sector financier that issued the first Green Pfandbrief after Berlin Hyp invented the instrument. It is a direct competitor in commercial real estate lending and a co-financing partner with Berlin Hyp in transactions such as 'myhive Warsaw Spire'.
• DZ Hyp: DZ Hyp is the real estate financing arm of the Volksbanken Raiffeisenbanken cooperative group, focused on German and European commercial real estate lending to professional investors. It directly competes with Berlin Hyp in the institutional German CRE market and has parallel Pfandbrief issuance programs.

Broad incumbents

• LBBW: LBBW is Berlin Hyp's parent institution following the 2022 acquisition and August 2025 business transfer. As a major German universal bank, LBBW provides the broader corporate banking, capital markets, and treasury platform within which Berlin Hyp operates the CRE competence center.
• BayernLB: BayernLB is a major German Landesbank with a substantial real estate and saving bank finance franchise. It competes with Berlin Hyp in German CRE financing and operates in similar institutional markets with comparable Pfandbrief issuance.
• ING Real Estate Finance: ING is a pan-European universal bank with a sizeable real estate finance franchise that competes with Berlin Hyp in cross-border CRE lending (e.g., the joint Goodman logistics portfolio financing). It serves the same institutional investor and developer client base across Western Europe.
• Société Générale: Société Générale is a European universal bank with a large real estate finance business and is a recurring consortium partner (Acting as Hedging Coordinator on Klépierre). It competes with Berlin Hyp in pan-European institutional CRE lending.
• Natixis Corporate & Investment Banking: Natixis CIB has a focused real estate finance business and serves as a Green Loan Coordinator alongside Berlin Hyp in club deals (e.g., Klépierre Hoog Catharijne). It is a comparable French-headquartered European CRE lender competing for green and institutional mandates.
• Commerzbank: Commerzbank is a German universal bank with a real estate finance franchise serving institutional and corporate clients. It is a broader incumbent that competes with Berlin Hyp in German and European CRE lending, capital markets, and syndication.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat6 records

Key risks6 records

Key highlights7 records

Customer concentration

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• Xx.com/Berlin_Hyp

Revenue estimate

Valuation estimate

Number of profiles

Profiles4 records

Funding overview

Funding rounds1 record

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments1 record

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Berlin Hyp