Invesco Real Estate confirmed on Wednesday that it is spending between €150 and €160 mln on the acquisition of a build-to-rent (BTR) project, part of the major SeiMilano development site encompassing 300,000 m2 to the south-west of Milan.
Morgan Stanley spin-off, Proprium, made a 20-times multiple on its €65 mln equity investment in 2007 in Motel One.
