German property financier Deutsche Hypo said it approved some EUR 431 mln in new real estate loans in the first half of 2009, down 59% on the comparable 2008 level as the bank rolled back its lending business abroad, notably in the US and UK. The bank’s overall real estate finance portfolio increased by EUR 542 mln (+6.1%) to EUR 9.4 bn.
Westland Shopping Centre in the Brussels neighbourhood of Anderlecht may be up for sale, according to Belgian media reports.
