RSS

Westimmo

Aareal Bank in Wiesbaden

Aareal Bank AG

The Wiesbaden-based property financier Aareal Bank boosted its new property lending in the first half of the year to €4.2bn, up from last year’s corresponding figure of €3.8bn. Read more

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. Read more

Companies

Aareal Bank in Wiesbaden

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... Read more

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. Read more

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... Read more

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... Read more

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... Read more

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... Read more

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... Read more

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... Read more

Companies

Verkauf

© Wrangler - Fotolia.com

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... Read more

Companies

The Wiesbaden-based Aareal Bank posted operating profits for the full year of 2012 down 5% to € 176m fro the previous year’s €1 85m, which it says was largely due to an extremely conservative lending policy, which saw it parking much of its... Read more

Companies

Aareal

Aareal

The Wiesbaden-based Aareal Bank saw its profit in the second quarter climbing by 12% as the bank said it benefited by picking up clients from previous lenders Eurohypo and Westimmo, both of whom are now being wound down by their respective owners. Read more

Companies