Troubled German property financier Hypo Real Estate has said it will welcome the opportunity to defend its decision in court to dismiss former CEO Georg Funke from the board. Funke resigned as CEO last October after the bank managed to secure a EUR 50 bn public-private bail-out to save it from collapsing due to the credit crunch. Hypo Real Estate terminated Funke's contract of employment in December last year.
Pan-European investor Bowery and real estate investor Alba join forces to acquire their first last-mile logistics asset in the Netherlands.
