Westdeutsche ImmobilienBank
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.
- Company typePrivate
- Founded1995
- HeadquartersMainz, Germany
- Headcount251–500
- GTM typeB2B
- OfferingServices
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.
Westdeutsche ImmobilienBank firmographics
Firmographics- 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
Westdeutsche ImmobilienBank industry classification
Industry- 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
Where Westdeutsche ImmobilienBank is headquartered
LocationHeadquarters
- HQ city
- Mainz
- HQ country
- Germany
- HQ region
- Europe
Offices1 record
Markets served
Westdeutsche ImmobilienBank business model
Business model- GTM type
- B2B
- Offering type
- Services
- Cost components
- Personnel, Operations, Infrastructure, Technology or R&D
Distribution channels1 record
Marketing channels3 records
Westdeutsche ImmobilienBank product offering
Product offeringCore 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
Companies that use Westdeutsche ImmobilienBank
Customer profileSegments1 record
Ideal customer profiles1 record
Westdeutsche ImmobilienBank technology and API
TechnologyTechnology focussed No
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Westdeutsche ImmobilienBank partnerships and signals
Strategic signalScale indicators7 records
Recent moves8 records
Expansion highlights3 records
Westdeutsche ImmobilienBank competitors and assessment
Company assessmentMarket position
Competitive moat4 records
Key risks5 records
Key highlights5 records
Customer concentration
Westdeutsche ImmobilienBank social profiles
Digital presenceWestdeutsche ImmobilienBank compliance and trust
Trust signalCompliance2 records
Westdeutsche ImmobilienBank financial estimates
Financial estimateRevenue estimate
Valuation estimate
Westdeutsche ImmobilienBank leadership team
Management profileNumber of profiles
Profiles8 records
Westdeutsche ImmobilienBank funding detail
Funding detailFunding overview
Funding rounds
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Westdeutsche ImmobilienBank M&A and investment
M&A and investmentM&A
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about Westdeutsche ImmobilienBank
What does Westdeutsche ImmobilienBank do?
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.
Is Westdeutsche ImmobilienBank a public or private company?
Westdeutsche ImmobilienBank is a private company. It is classified as corporate owned and is currently operating.
When was Westdeutsche ImmobilienBank founded?
Westdeutsche ImmobilienBank was founded in 1995. It employs 251 to 500 people.
Where is Westdeutsche ImmobilienBank based?
Westdeutsche ImmobilienBank is headquartered in Mainz, Germany, in the Europe region.
Does Westdeutsche ImmobilienBank have an API?
No public API is recorded for Westdeutsche ImmobilienBank.
What industry is Westdeutsche ImmobilienBank in?
Westdeutsche ImmobilienBank's product category is Commercial Real Estate Loan Servicing. Its primary akta.pro industry code is FSALADAJ, Commercial Mortgage Servicing & Asset Management (Master/Special), with a secondary code of FSAKAJAG, Loan Servicing & Special Servicing (Delinquency Management). Its NAICS code is 52231 and its SIC code is 6162.