German real estate lender Westimmo has applied for billions of euros in German state aid as a way of sweetening the auction process for the unit, according to media reports. The aid request in the form of bridge financing guarantees aims to help prevent potential buyers from suffering a ratings downgrade if they make an offer, sources told news wire Reuters.
Private real estate holding Global Holdings Group has acquired mixed-use asset 10 Great Pulteney Street from fashion retailer Boohoo.
