M7 Real Estate, the pan-European investor and asset manager, has made an initial acquisition of nine UK retail warehouse assets for £69.9 mln (€78 mln) and is under offer to acquire a further asset for £7.6 mln for a new fund.
Morgan Stanley spin-off, Proprium, made a 20-times multiple on its €65 mln equity investment in 2007 in Motel One.
