US bank Wachovia is to proceed with a major expansion of its real estate financing business in Germany. 'Our plan is to become one of the market leaders in real estate financing in Germany within five years', Peter Riemenschneider, Germany director of Wachovia unit Real Estate Capital Markets, has told the Euro am Sonntag magazine. 'We want to win a significant market share. My personal goal is 10-15%,' Riemenschneider said. Wachovia has been active in Germany for about 12 months.
US bank Wachovia is to proceed with a major expansion of its real estate financing business in Germany. 'Our plan is to become one of the market leaders in real estate financing in Germany within five years', Peter Riemenschneider, Germany director of Wachovia unit Real Estate Capital Markets, has told the Euro am Sonntag magazine. 'We want to win a significant market share. My personal goal is 10-15%,' Riemenschneider said. Wachovia has been active in Germany for about 12 months.
