Following a first close of the London CIV (LCIV) UK housing fund on 31 March, CBRE UK affordable housing fund (CBRE UK AHF) has been selected as the first investment, with a formal close into CBRE UK AHF occurring on 5 May.
Morgan Stanley spin-off, Proprium, made a 20-times multiple on its €65 mln equity investment in 2007 in Motel One.
