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Matthias Wargers

Claus-Jürgen Cohausz - WestImmo

Westdeutsche ImmobilienBank AG

Despite being embargoed from writing any new real estate financing business, the Mainz-based Westdeutsche Immobilienbank AG (WestImmo) posted profits for the first half-year double those of last year. The good figures will do no harm in helping... more

Sep 1, 2014 11:07 AM Companies

Matthias Wargers - EAA

Erste Abwicklungsanstalt

Interest in buying Westimmo, the Mainz-based property-lending subsidiary of WestLB, is running at a higher level than originally anticipated, with about a dozen financial investors and banks currently granted access to the bank’s data room. That’s... more

Jul 2, 2014 5:44 PM Companies

Wargers, Bolder, Küpker - EAA

Erste Abwicklungsanstalt

EAA Erste Abwicklungsgesellschaft, the Düsseldorf-based ‘bad bank’ established by the government to wind down the assets of WestLB, including its real estate lending subsidiary WestImmo, set a new May 30th deadline for investor expressions of... more

Jun 9, 2014 10:00 AM Companies

Matthias Wargers - EAA

Erste Abwicklungsanstalt

Westdeutsche Immobilienbank (WestImmo), not so long ago one of the foremost German property financiers but - since the break-up of parent company WestLB in 2012 – now 100% part of WestLB’s bad bank Ersten Abwicklungsanstalt AÖR (EAA), looks like... more

May 20, 2014 10:00 AM Companies