European real estate investment manager Mark and residential developer Hub have acquired 2 Snow Hill Plaza in Birmingham from an unnamed global institutional investor, with the intention to develop a build-to-rent scheme.
European real estate investment manager Mark and residential developer Hub have acquired 2 Snow Hill Plaza in Birmingham from an unnamed global institutional investor, with the intention to develop a build-to-rent scheme.
Morgan Stanley spin-off, Proprium, made a 20-times multiple on its €65 mln equity investment in 2007 in Motel One.