Alan Grupo Inmobiliario, the Spanish Real Estate company, is investing in the construction of a 14,000 m[sup]2[/sup] residential complex in Puerta de Hierro, in Madrid. The complex, called Residential Alborada, consists of 96 buildings and green areas amounting to 3,500 m[sup]2[/sup]. The company is investing EUR 45 mln in the project.
Morgan Stanley spin-off, Proprium, made a 20-times multiple on its €65 mln equity investment in 2007 in Motel One.
