PIE Events
- Nordics Property Breakfast
31 May 2012
Frankfurt am Main, Germany
Upcoming Events
- Property Debt Breakfast
20 June 2012
London
Germany's Westimmo may divest poor assets - sources
Poor or non-performing real estate assets are likely to be divested from real estate financier WestImmo into a potential workout unit or bad bank of the parent WestLB - making WestImmo more attractive to sell as the EU has ordered, a source told Financial Times Deutschland. A banking source at MIPIM told PIE WestImmo financing lines of around E10bn hinder a sale into the private sector.