German lender WestImmo saw its pre-tax earnings increase by 15.5% year-on-year to EUR 121.2 mln in 2008. The bank, which specialises in commercial real estate financing in Europe, US and the Asia-Pacific region, said on Wednesday that net profit rose by 5% to a record EUR 97 mln in 2008.
Pan-European investor Bowery and real estate investor Alba join forces to acquire their first last-mile logistics asset in the Netherlands.
