Mainz,  July 8,  2008 - The Managing Board of Westdeutsche ImmobilienBank AG (WestImmo) has appointed Peter Denton as Managing Director and head of Financial Sponsors Coverage. He will take up his post on September 1, 2008. Based in London, Denton will report to Claus-Jürgen Cohausz, Managing Board member and Chief Origination Officer. As head of Financial Sponsors Coverage, Denton will be responsible for the management of WestImmo's coverage of this client sector and all related origination, structuring and execution of real estate principal banking products. In addition Denton will assist in further developing the WestImmo`s Sovereign Wealth coverage.

Prior to joining WestImmo, Denton held senior roles at Barclays Capital, Eurohypo and Deutsche Bank and is one of the real estate markets leading structured financiers.

"Peter brings a huge amount of cross-border structured finance experience and strong relationships with the Financial Sponsor community," said Cohausz. "His recent experience of creating a Souvereign real estate platform is an added bonus."

"Peter's appointment reflects the wider strategic goal of WestImmo to solidify its position as a centre of excellence for real estate banking products," said Peter Knopp, Chairman of the Managing Board of WestImmo.

WestImmo is the centre of competence for real estate finance and structured real estate transactions in the WestLB Group. In Germany it is represented in Berlin, Düsseldorf, Hamburg, Mainz, Münster and Munich, and internationally in London, Madrid, New York, Paris, Prague, Tokyo and Warsaw.