PIE Events
- Nordics Property Breakfast
31 May 2012
Frankfurt am Main, Germany
Upcoming Events
- Property Debt Breakfast
20 June 2012
London
German retail banks active in France; e210m Trois Quartiers, e160m Lille deals
A number of German banks have become very active in the French markets in recent weeks, particularly public sector landesbanks and Post Bank, channeling retail deposits at home into high margin lending in commercial real estate where private banks are absent. WestImmo has been particularly active - both in the e210m Trois Quartiers acquisition by MGPA from UK REIT Hammerson, and the e160m TMW Pramerica acquisition from Foruminvest in Lille.