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WestLB

Stefan Ermisch - HSH Nordbank

HSH Nordbank

The majority owners of German lender HSH Nordbank, the federal states of Hamburg and Schleswig-Holstein, have received ‘several binding bids’ for the bank by the deadline of 27 October, they announced this weekend. more

13 Nov 2017 10:00 Companies

Hermann Merkens - Aareal Bank AG

Aareal Bank AG

The Wiesbaden-based property financier Aareal Bank has taken a 20% stake in independent London-based loan servicer Mount Street to support Aareal's commercial credit and syndication processes. more

9 Mar 2017 10:00 Companies

Aareal Bank in Wiesbadeb

Aareal Bank AG

Wiesbaden based property lender Aareal Bank has finalised the acquisition of all the shares in Westdeutsche Immobilienbank (WestImmo) from EEA, the workout bank of former owner WestLB for €350m, in the process gaining a €4.3bn performing European... more

10 Jun 2015 10:00 Companies

Claus-Jürgen Cohausz - WestImmo

Westdeutsche ImmobilienBank AG

The Mainz-based real estate lender WestImmo, in the process of being taken over by near-neighbour Aareal Bank down the road in Wiesbaden, has reported a record net profit of €64m for full-year 2014, a rise of 22% on the previous year's figure of €50. more

20 May 2015 10:00 Companies

IPO

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The markets are in need of a good story, after the surge in German real estate companies’ share prices over the last few years, and that story is consolidation. Among existing listed companies, merger fever has gripped the markets. more

22 Apr 2015 10:00 Markets

IPO Börse

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A report by Bloomberg suggested that Grove International Partners, owner of German developer Aurelis Real Estate, is considering floating Aurelis on the stock market, in a move which could take place as early as this year. Neither Grove nor... more

4 Mar 2015 10:00 Companies

Dr. Wolf Schumacher - Aareal

Aareal Bank AG

The Wiesbaden-based Aareal Bank’s press conferences are always well-managed; they have the added advantage that veteran CEO Dr. Wolf Schumacher invariably recaps the more extended analysis of the minutiae of the company’s annual performance and... more

3 Mar 2015 11:00 Companies

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

1 Sep 2014 11:07 Companies

Aareal

Aareal

The bidding process for WestLB’s property financing subsidiary WestImmo is heating up, with the arrival of a number of new bidders in advance of an August deadline. The deal is potentially worth more than €300m. WestLB is being forced to sell the... more

1 Aug 2014 10:00 Companies

Wien

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Austria’s capital Vienna replaced London as the favourite investment destination of German commercial real estate investors in the first five months of this year, according to research group Real Capital Analytics, which tracks capital flows. more

25 Jul 2014 10:00 Investment

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

2 Jul 2014 17:44 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

9 Jun 2014 10:00 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

20 May 2014 10:00 Companies

Verkauf

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Westdeutsche Immobilienbank (WestiImmo), the previous real estate lending division of the mothballed WestLB is said to be in talks with at least two possible buyers to sell its lending business out of the clutches of the German state, which... more

31 Jan 2014 10:00 Companies

A comprehensive report published by Reuters crossed our desk last week, dealing with the extent to which the major German banks are still grappling with their need to shed a massive €637 billion of unwanted assets – including shipping loans and... more

13 Jun 2013 09:00 Markets