Mountgrange Real Estate Opportunity Fund (MoREOF) and fund manager Prupim have completed the acquisition of a property in the Scottish city of Glasgow in preparation for a mixed-use development. The expected value of the 13,200 m[sup]2[/sup] office and retail project is £60 mln (EUR 74 mln).
Morgan Stanley spin-off, Proprium, made a 20-times multiple on its €65 mln equity investment in 2007 in Motel One.
