The Global Real Estate Sustainability Benchmark (GRESB) is gaining ground as the key global benchmark for the real estate industry, according to a number of industry leaders. GRESB, an initiative of pension fund administrators including APG, PPGM and USS, is due to release its third annual sustainability survey in September.
Morgan Stanley spin-off, Proprium, made a 20-times multiple on its €65 mln equity investment in 2007 in Motel One.
