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Aareal Bank completes €350m WestImmo acquisition

Aareal Bank Group has completed the acquisition of all of the shares of Westdeutsche ImmobilienBank AG (WestImmo) for €350m, acquiring a €4.3bn performing European commercial real estate loan book.
By James Wallace
June 1, 2015 | 3:45 P.M.

This is Aareal’s second acquisition inside the last 15 months, after the 342m purchase of Corealcredit Bank AG from Lone Star which closed at the end of March 2014.

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