European real estate markets have become sufficiently ripe for opportunity fund managers to pounce, Apollo Real Estate’s head said at the ULI Europe conference in Paris this week.
European real estate markets have become sufficiently ripe for opportunity fund managers to pounce, Apollo Real Estate’s head said at the ULI Europe conference in Paris this week.
Morgan Stanley spin-off, Proprium, made a 20-times multiple on its €65 mln equity investment in 2007 in Motel One.