European real estate investment manager Europa Capital has agreed to forward purchase Kanalgaden 3, a former office building which is being refurbished into state-of-the-art senior living accommodation in Albertslund, a suburb of Copenhagen, Denmark, on behalf of its latest value add fund, Europa Fund VI, from Gefion Group.
Morgan Stanley spin-off, Proprium, made a 20-times multiple on its €65 mln equity investment in 2007 in Motel One.
