German lenders Westimmo and DG Hyp booked an increase in their new commercial real estate business in 2009, according to PropertyEU’s annual survey of the top financiers in Europe. Westimmo showed the strongest growth, with new loan production rising 13% to EUR 6.2 bn from EUR 5.5 bn in 2008. DG Hyp saw its new business grow by 11% to EUR 4.2 bn from EUR 3.8 bn.
Westland Shopping Centre in the Brussels neighbourhood of Anderlecht may be up for sale, according to Belgian media reports.
