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ARTICLE · 05 NOVEMBER 2025

Case Study: Aareal Bank AG - Inaugural SRT

Alvarez & Marsal
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A&M's PAG team was the sole arranger for Aareal Bank AG's (Aareal) first synthetic significant risk transfer (SRT) securitization referencing a €2 billion commercial real estate (CRE) portfolio partnering with funded and unfunded investors.

United KingdomFinance and Banking
Robert Bradbury
Robert Bradbury
Andrew Orr
Andrew Orr
Alexander Schuetz
Alexander Schuetz
Marcos Chazan
Marcos Chazan
Marco De Freitas
Marco De Freitas
Fan Yang
Fan Yang

A&M's PAG team was the sole arranger for Aareal Bank AG's (Aareal) first synthetic significant risk transfer (SRT) securitization referencing a €2 billion commercial real estate (CRE) portfolio partnering with funded and unfunded investors.

Client Challenge

  • Alvarez & Marsal (A&M) was retained by Aareal, a leading property specialist bank founded in 1923 and headquartered in Germany, Wiesbaden, to advise on its first SRT.
  • Aareal is a property specialist bank that provides financings, banking services and payments solutions for the property sector and related industries, and is present across three continents, Europe, North America and Asia. Aareal Bank's business strategy focuses on sustainable business success, with environmental, social and governance (ESG) aspects as an integral part of this strategy.

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