Eurohypo supplies loans for commercial property and retail developments as well as public works such as new roads. It was formed in 2002 with the merger of subsidiaries of Dresdner, Deutsche and Commerzbank.
Eurohypo CEO Bernd Knobloch said in a statement that he will remain in his position following the bank's takeover, and Commerzbank chief executive Klaus-Peter Mueller added that the bank does not plan to list Eurohypo on the stock exchange.
Earlier this year, Eurohypo released figures stating that new issues of commercial mortgage-backed securities have nearly tripled over the past three years. Germany has led the European market because of changes in the legislation and the entry to the market of powerful and financially sophisticated overseas investors.
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