Hypo Real Estate, the second largest property lender in Germany, plans to ask the government for a further bailout on top of the EUR 50 bn lifeline agreed in early October. ICEO Axel Wieandt said the bank is preparing an application to Soffin, the German bank rescue fund, 'seeking further extensive support intended to cover immediate liquidity and medium-term capital requirements'.
As Ares completed a €325 mln French logistics acquisition from Blackstone, another French portfolio came onto the market.
