US-based private equity firm Madison International Realty has acquired a stake in the newly developed Chmielna 89 landmark office building in Warsaw’s CBD from local developer Cavatina Group. The acquisition values the project at over €100 mln.
US-based private equity firm Madison International Realty has acquired a stake in the newly developed Chmielna 89 landmark office building in Warsaw’s CBD from local developer Cavatina Group. The acquisition values the project at over €100 mln.
Morgan Stanley spin-off, Proprium, made a 20-times multiple on its €65 mln equity investment in 2007 in Motel One.