Hannover Leasing
| HANNOVER LEASING GmbH & Co. KG
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|---|---|
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| legal form | GmbH & Co. KG |
| founding | 1981 |
| Seat | Pullach , Germany |
| management |
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| Number of employees | 185 (as of 2014) |
| Branch | Financial services |
| Website | www.hannover-leasing.de |
The Hannover Leasing GmbH & Co. KG is one for Core State owned asset management company based in Pullach .
background
Hannover Leasing was founded in 1981 and is one of the largest initiators for investment funds in Germany, in particular for closed-end funds for private investors or - since the Capital Investment Code (KAGB) came into force in July 2013 - closed-end alternative investment funds (AIF). For this reason, the company founded a subsidiary, Hannover Leasing Investment GmbH, which in March 2014 received permission from the Federal Financial Supervisory Authority (BaFin) to operate as a capital management company (KVG).
The main shareholders of Hannover Leasing in 2013 were Landesbank Hessen-Thüringen Girozentrale with 49.34 percent and Hessisch-Thüringische Sparkassen-Beteiligungsgesellschaft mbH with 48.00 percent. Another shareholder was the former managing director Friedrich Wilhelm Patt with 2.66 percent.
To date, more than 68,500 investors have taken part in Hannover Leasing funds, investing 9.7 billion euros in equity. The total investment volume of the assets managed by Hannover Leasing amounts to around 14.4 billion euros.
The subsidiary and holding companies also include Hannover Leasing Automotive GmbH, Accontis GmbH Finanzanlagen und Beteiligungen, DIV Deutsche Immobilienfonds GmbH and over 250 different property companies. Hannover Leasing is a member of the Federal Association of German Leasing Companies .
In December 2016, Landesbank Hessen-Thüringen and the Sparkassen- und Giroverband Hessen-Thüringen announced that they would sell 95 percent of their shares to Corestate Holding in Luxembourg .
After approval by BaFin in June 2017, Corestate took over 94.9 percent of the shares in Hannover Leasing. Landesbank Hessen-Thüringen remained a minority shareholder with 5.1 percent of the shares.
Products
Hannover Leasing designs structured financing as well as closed funds and other investment opportunities for private and institutional investors. The investment focus is on the asset classes domestic real estate, foreign real estate and aircraft.
Since 1990 Hannover Leasing has launched 46 public real estate investments in Germany. The real estate assets currently managed in Germany amount to 4.17 billion euros. The investment focus is on office properties in Berlin , Düsseldorf , Frankfurt , Hamburg , Cologne , Munich and Stuttgart as well as on B-locations in metropolitan areas such as the Rhine-Main area or the Ruhr area. The company is also active in the field of public infrastructure. Since 1993 Hannover Leasing has been realizing building construction projects such as administration buildings, schools, hospitals and fire stations together with partners from the public sector. The assets under management in this area amount to 1.55 billion euros.
The company has been offering mutual funds with real estate abroad since 1996. The eleven foreign holdings correspond to a currently managed asset of 1.80 billion euros. The investment focus is on commercial real estate in the Benelux countries, the Netherlands, Belgium and Luxembourg, Great Britain, France, Poland, the Czech Republic and North America .
Aircraft holdings have been part of Hannover Leasing's portfolio since 1994. To date , the company has launched 50 closed-end mutual funds that invest in aircraft. The assets currently managed in this area amount to almost 1 billion euros. Hannover Leasing focuses primarily on aircraft of the Airbus A320 family , which are manufactured in large numbers and used by numerous airlines. The company also finances Airbus A380 aircraft .
In addition, Hannover Leasing was active in the automotive leasing business through Hanover Leasing Automotive GmbH ("HLA"). This company stopped new business in 2013 and sold its fleet management activities. Since then, business activities have extended to winding up the existing portfolio.
criticism
The tax authorities suspected tax evasion in eight of the 14 film funds operated by Hannover Leasing (HL) . This affects 7,500 investors who have invested just under a billion euros in these funds. However, with the decision of the Munich Finance Court on December 19, 2013, the allegations were rejected and the tax structure on which the film fund was based was recognized.
In the dispute are also the investors 'back taxes in the millions, about which a final decision has not yet been made, nor about the investors' claims for damages against Hannover Leasing because of these allegations. More than 600 civil lawsuits, including dunning proceedings, with a total value in dispute of approx. 121 million euros are pending before the civil courts in Germany from investors in Hannover Leasing's media funds, which are directed or have directed against companies of the Hannover Leasing Group (as of May 29, 2012 ). "
Web links
Individual evidence
- ^ History. Hannover Leasing, accessed on April 12, 2018 .
- ↑ Directory of members of the Federal Association of German Leasing Companies ( Memento of the original dated February 12, 2016 in the Internet Archive ) Info: The archive link was automatically inserted and not yet checked. Please check the original and archive link according to the instructions and then remove this notice. (leasingverband.de, list of members (as of February 2016), accessed on February 11, 2016)
- ↑ Helaba sells Hannover Leasing to Corestate. In: Handelsblatt. December 16, 2016. Retrieved April 25, 2017 .
- ^ EQS Group AG, Munich, Germany: Corestate Capital Holding SA: BaFin approves the sale of the Hannover Leasing Group to CORESTATE - dgap.de. Retrieved April 12, 2018 .
- ↑ Accusation of tax evasion - film funds investors face expensive consequences , Reiner Reichel, Handelsblatt dated November 2, 2011, accessed on August 27, 2012
- ↑ Munich Finance Court of December 19, 2013 - AZ 1 K 2603/11
- ↑ Happy End for film fund investors , Handelsblatt dated January 21, 2013, accessed February 10, 2014
- ↑ Information on the provider Hannover Leasing, Hannover Leasing, addendum to the fund prospectus Growth Values Europe 6, June 4, 2012, accessed on August 27, 2012
