MGPA is working on a fresh retail acquisition in Germany for an unnamed separate account investor, Marius Schoener, head of MGPA Germany told PropertyEU on the first day of the EXPO REAL fair in Munich on Tuesday. Schoener declined to provide further details, but said the investment volume was between EUR 50 and EUR 100 mln and that the acquisition would likely be completed by the end of this month.
Morgan Stanley spin-off, Proprium, made a 20-times multiple on its €65 mln equity investment in 2007 in Motel One.
