Aareal to keep “significant number” of WestImmo jobs and HQ after sealing €350m deal

Aareal Bank will keep operating out of WestImmo’s Mainz headquarters for at least three years following the completion of its €350m purchase of the company. The German bank said “a significant number of jobs at WestImmo will be kept at least in the medium term, regardless of the extensive integration planned”. WestImmo has about 200 staff in Germany and 15 in London.