London-based Amec Developments has been appointed to develop a EUR 455 mln renewal project in Swindon in the south-east of England. The mixed-use site in Swindow Town Centre includes 55,000 m[sup]2[/sup] of office space, 25,000 m[sup]2[/sup] of retail space, a 13,000 m[sup]2[/sup] hotel and 450 residential units. Construction is scheduled to start in 2008.
Morgan Stanley spin-off, Proprium, made a 20-times multiple on its €65 mln equity investment in 2007 in Motel One.
