German mortgage lender Deutsche Pfandbriefbank has become one of Europe’s most shorted stocks due to bad loans linked to US real estate.
The lender’s shares are now down 39% this year. Funds betting against the company include Millennium, Qube Research & Technologies, Wellington Management, Caius Capital and Kite Lake Capital.
“We think the pain is only just starting to hit,” said Malte Schmitter at Petrus Advisers, another firm shorting the stock.
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Including:
Mitsubishi Estates and Co-Re appoint Savills to help lease the development’s office space
Decision deferred on former National Institute of Agricultural Botany revamp
Developer has taken 10 storeys off proposals since first filing
Colliers appointed to lease 50,000 sq ft of office space in the Salford Quays development
