Hypo Real Estate Holding AG is a German holding company for the Hypo Real Estate Group. It is an international real estate financing company, combining commercial real estate financing products with investment banking. The Company divides its operations into three business units: Commercial Real Estate, which provides real estate financing on the international and German market; Public Sector & Infrastructure Finance, and Capital Markets & Asset Management. Hypo Real Estate Group operates through a number of subsidiaries, including, among others, Hypo Real Estate Bank AG, which provides real estate financing solutions to real estate investors, housing companies, developers, real estate funds and real estate companies; DEPFA Bank plc, a provider of public finance, and DEPFA Deutsche Pfandbriefbank AG, which focuses its business activities on the expansion of the German public finance business and long term refinancing.