Commercial Property News Archive for 30-Sep-2008

Germany's Hypo Real Estate gets thrown a lifeline; shares drop (Market Watch)

Shares of Germany?s Hypo Real Estate tumble more than 60%, reeling after a consortium of local financial institutions comes to the rescue of the commercial property lender.

Hypo Real Estate secures major credit line (AP via Yahoo! Finance)

Hypo Real Estate Holding AG became the first German blue-chip company to seek a bailout in the global financial crisis, securing a line of credit of up to $51.2 billion aimed at shielding Germany's No. 2 commercial property lender as the financial crisis expanded to Europe.

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