Vastned Retail has acquired its seventh prime high street premises in the heart of Istanbul for EUR 29.5 mln, including purchase costs, from Yapi Kredi Bank (YKB). The pan-European retail property fund now has a EUR 90 mln-plus portfolio in Turkey.
Morgan Stanley spin-off, Proprium, made a 20-times multiple on its €65 mln equity investment in 2007 in Motel One.
