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Aareal buys WestImmo for €350m

Aareal Bank Group has bought Westdeutsche ImmobilienBank AG, the pfandbrief-funded European commercial property lending bank, from Erste Abwicklungsanstalt (EAA), the German bad bank, for €350m.
CoStar News
February 23, 2015 | 6:17 P.M.

Aareal Bank Group bought all of the shares of WestImmo and subsequently completed a sale and purchase agreement with EAA at a price amounting to 350m, subject to contractually agreed adjustments until the closing date.

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