Mainz, December 05, 2007 – Westdeutsche ImmobilienBank AG (WIB) and WestLB AG worked together as Arranger and Sole Provider for a CAD$ 190 million, to acquire the Homburg Harris Centre, a development project in downtown Calgary, Alberta, consisting of two Class A office towers with over 600,000 sqft in net leasable area. The acquisition financing was provided for DEGI Deutsche Gesellschaft für Immobilienfonds mbH (DEGI), acting on behalf of its public fund “DEGI INTERNATIONAL”.

“The transaction with DEGI as one of the leading German real estate fund provider proved the ability of WIB to assist its clients in bigger transactions even in turbulent times at the financial markets”, said Claus-Jürgen Cohausz, Member of the Board at WIB. “With such transactions we are strengthening our position as one of the leading banks in the real estate market sector”.

“Leveraging our international network to provide a tailor-made Canadian financing solution has enabled us to assist our German clients in over CAD$ 500 million of Canadian property acquisitions in the last 12 months alone” said Alik Kassner, Executive Director and Toronto Branch Manager, “We, thus, have firmly established WestLB Toronto / WIB as the go-to bank for our international clients with respect to their real estate business in Canada. “