Germany's Westdeutschen Immobilienbank (WestImmo) is considering divesting its poorly performing or non-performing real estate loans into a workout unit or bad bank of parent WestLB, in a bid to make the real estate lending business more attractive to sell, according to a news report in the Financial Times Deutschland.
Pan-European investor Bowery and real estate investor Alba join forces to acquire their first last-mile logistics asset in the Netherlands.
