The Grosvenor Group reported a fall in pre-tax profits of £196.6 mln, down from £233.1 mln the previous year, on assets worth £7 bn largely due to a fall in property values, according to its latest financial report.
Morgan Stanley spin-off, Proprium, made a 20-times multiple on its €65 mln equity investment in 2007 in Motel One.
