The Catella European Residential Fund III has acquired Gramercy Tower, a 188-residential unit build-to-rent (BTR) development in Cardiff for £37.5 mln (€45 mln) from developer Urban Centric.
The Catella European Residential Fund III has acquired Gramercy Tower, a 188-residential unit build-to-rent (BTR) development in Cardiff for £37.5 mln (€45 mln) from developer Urban Centric.
Morgan Stanley spin-off, Proprium, made a 20-times multiple on its €65 mln equity investment in 2007 in Motel One.