The March edition of PropertyEU Magazine finds that foreign investors are widening their definition of core property in Germany as competition heats up for prime assets. Office assets in secondary cities outside the ‘big seven’ are on the radar of international investors, while low-budget hotels provide another potential growth market.
Morgan Stanley spin-off, Proprium, made a 20-times multiple on its €65 mln equity investment in 2007 in Motel One.
