Brussels-based real estate investment vehicle Befimmo has asked 15 banks to come up with a EUR 600 mln refinancing proposal, Belgium daily De Standaard reported. The lenders will formulate proposals involving a capital hike by issuing shares or an equity-linked product, debt refinancing and the possibility to taking a co-investor for real estate projects, the paper said.
Morgan Stanley spin-off, Proprium, made a 20-times multiple on its €65 mln equity investment in 2007 in Motel One.
