Frankfurt-based real estate bank Eurohypo has said it is focusing on more profitable new financing commitments as mega-deals - typical of the real estate business in recent years - are likely to be few and far between in 2008. With the securitisation market seen as slow to pick up again and new business expected to decline, chief executive Bernd Knobloch said in a press conference on 2007 results that the lender would focus on 'new business exceeding 20% return on equity'.
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