The advent of real estate investment trusts (REITs) in the UK and similar legislation in Germany and Italy has ensured that REITS continues to be a hot topic among real estate professionals in Europe. A new index for UK REITS was launched on Thursday, while a recent proposal for separate listings for REITs on the German stock exchange have provoked concern there.
Morgan Stanley spin-off, Proprium, made a 20-times multiple on its €65 mln equity investment in 2007 in Motel One.
