Westdeutsche ImmobilienBank

What Westdeutsche ImmobilienBank does

Westdeutsche Immobilien Servicing AG (WestImmo) is a credit servicing company headquartered in Mainz, Germany, operating as a wholly-owned subsidiary within the Aareal Bank Group. Originally established around 1995 as Westdeutsche ImmobilienBank AG, the entity historically functioned as a specialized commercial real estate lender (Pfandbriefbank) issuing mortgage and public Pfandbriefe under the German Pfandbrief Act, serving professional borrowers financing offices, retail, shopping centers, hotels, logistics facilities, public buildings, and residential properties. Following EU State Aid conditions attached to the rescue of the former WestLB group, the bank was prohibited from new business more than two years prior to 2015, was transferred from Portigon AG to Erste Abwicklungsanstalt (EAA) in August 2012, and was subsequently sold to Aareal Bank AG (closing May 10, 2017).

Effective June 30, 2017, all banking-related assets and liabilities were spun off to Aareal Bank AG via a demerger and takeover agreement, and the entity was renamed Westdeutsche Immobilien Servicing AG, ceasing to conduct its own banking business. The company was further reclassified as a vermögensverwaltende Aktiengesellschaft (property management stock corporation) effective January 1, 2019. The current business is exclusively the servicing and administration of the inherited commercial real estate mortgage portfolio on behalf of Aareal Bank AG, with operations run from a single Mainz location (Kantstraße 1) and a Board staffed predominantly by senior Aareal Bank executives. Revenue is generated through intra-group servicing arrangements; no third-party customers, pricing schedule, or external fee disclosures exist.

Name

Westdeutsche ImmobilienBank

Legal name

Westdeutsche Immobilien Servicing AG

Website

https://westimmo.com

Company type

Private

Founded year

1995

Operating status

Operating

Headcount range

251–500 employees

Short description

Westdeutsche Immobilien Servicing AG (WestImmo) is a Mainz-based, wholly-owned subsidiary of Aareal Bank AG that administers an inherited commercial real estate loan portfolio following the 2017 spin-off of all banking operations to its parent.

Ownership category

akta.pro rank

Product category

Commercial Real Estate Loan Servicing

NAICS

Mortgage and Nonmortgage Loan Brokers (52231)

SIC

Mortgage Bankers & Loan Correspondents (6162)

akta.pro primary industry

Commercial Mortgage Servicing & Asset Management (Master/Special) (FSALADAJ)

akta.pro secondary industry

Loan Servicing & Special Servicing (Delinquency Management) (FSAKAJAG)

Keywords

• Commercial real estate servicing
• Loan portfolio administration
• Credit servicing
• Real estate mortgage servicing
• Pfandbrief portfolio management

Headquarters

HQ city

Mainz

HQ country

Germany

HQ region

Europe

Offices1 record

Markets served

GTM type

B2B

Offering type

Services

Cost components

Personnel, Operations, Infrastructure, Technology or R&D

Distribution channels1 record

Marketing channels3 records

Core offering

Westdeutsche Immobilien Servicing AG (WestImmo) provides loan servicing for commercial real estate mortgage portfolios, including processing, management, and administration of loans inherited from its former banking operations. The company operates exclusively within the Aareal Bank Group structure, servicing existing credit relationships rather than originating new loans or issuing Pfandbriefe.

Product overview

Westdeutsche Immobilien Servicing AG (WestImmo) operates as a loan servicing company within the Aareal Bank Gruppe, having transformed from the former Westdeutsche ImmobilienBank AG on June 30, 2017. The company's primary offering is Kreditservicing (loan servicing) for commercial real estate mortgages. Prior to the spin-off, the company also offered gewerbliche Immobilienfinanzierung (commercial real estate financing) and managed Pfandbriefe portfolios. All banking operations including new lending and Pfandbrief issuance were transferred to Aareal Bank AG; WestImmo now focuses exclusively on servicing existing loan portfolios inherited from its banking predecessor.

Differentiator

Problem solved

Functional benefit

Products and services

• Kreditservicing (Loan Servicing)

Quantifiable outcome

• Maintained profitability despite forced cessation of new business in 2012
• +1 more outcomes

Segments1 record

Ideal customer profiles1 record

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Scale indicators7 records

Recent moves8 records

Expansion highlights3 records

Market position

Competitive moat4 records

Key risks5 records

Key highlights5 records

Customer concentration

• LinkedInlinkedin.com/company/westdeutsche-immobilien-servicing-ag

Compliance2 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles8 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Westdeutsche ImmobilienBank