The Berlin Hyp AG, based in Berlin, is one of the large German real estate and mortgage banks. The bank was created in 1996 from the merger of Berliner Hypotheken- und Pfandbriefbank AG and Braunschweig-Hannoversche Hypothekenbank AG.
The Berlin Hyp focuses its sales activities on business with investors, housing companies, real estate funds, investment companies and selected developers. Regionally, it concentrates on economically strong metropolitan areas in Germany and various foreign markets in Europe.[3]
History
The Berlin Hyp's first predecessor institute, the Berliner Pfandbriefinstitut, was founded in 1868. Later, the institute operated under the name of Berliner Pfandbriefamt. In 1973, a number of public institutions were incorporated under the name Berliner Pfandbrief-Bank as a public-law institution:
In 1993, the legal form was changed to a Joint-stock company. Since this change, the bank has been operating as Berliner Hypotheken- und Pfandbriefbank AG (short: Berlin Hyp). The sole shareholder was the state of Berlin. In 1994, a predecessor institution of today's Landesbank Berlin