German commercial bank Hypo Real Estate has reported a third-quarter pre-tax loss of about EUR 3.1 bn as a result of the 'worsening global financial crisis.' The bank, which recently received a EUR 50 bn lifeline from the German government and the private sector, said that the negative result is largely due to the write-off of EUR 2.5 bn on its Dublin- based unit Depfa.
As Ares completed a €325 mln French logistics acquisition from Blackstone, another French portfolio came onto the market.
