European real estate investment manager Europa Capital has announced the appointment of Roberto Varandas to the newly created role of head of business development, as it works in partnership with its majority shareholder, Mitsubishi Estate Co. (MEC), a Japanese listed real estate developer, to expand its global capital raising capability.
Morgan Stanley spin-off, Proprium, made a 20-times multiple on its €65 mln equity investment in 2007 in Motel One.
