Astroc, the leading Spanish real estate company, has concluded agreements for the acquisition of 49.99% of Landscape, the real estate subsidiary of Banco Sabadell. Investment vehicles Alramaev and Courrent Assets, owned by various companies, are buying the remaining shares. Alramaev will get 45.01% and Courrent Assets will hold 5.1%.
Morgan Stanley spin-off, Proprium, made a 20-times multiple on its €65 mln equity investment in 2007 in Motel One.
