Westdeutsche ImmobilienBank (Westimmo) saw its new business volumes plunge 47% to EUR 3.3 bn in 2010 from EUR 6.2 bn the year before. The German lender blamed the fall on market conditions and a European Commission order to financial group WestLB to sell the Westimmo real estate financing unit.
Private real estate holding Global Holdings Group has acquired mixed-use asset 10 Great Pulteney Street from fashion retailer Boohoo.
