FRANKFURT (Thomson Financial) - Commerzbank AG has bundled its real estate investment activities into a newly-formed entity, Commerz Real AG, its chief executive Hubert Spechtenhauser told Handelsblatt.
The activities had been managed separately by Commerz Grundbesitz Gruppe and Commerz Leasing und Immobilien.
The new company is managing 42 bln eur of assets and is planing to increase this to 50 bln by 2010, the newspaper said. christoph.steitz@thomson.com cs1/jms COPYRIGHT Copyright Thomson Financial News Limited 2007. All rights reserved. The copying, republication or redistribution of Thomson Financial News Content, including by framing or similar means, is expressly prohibited without the prior written consent of Thomson Financial News.
© 2007 AFX News
