Construction group Monteverde has announced the purchase of the Spanish property company Mola for EUR 143.5 mln. Spanish Mola's portfolio includes two office buildings in Madrid and a mixed-use property that is also located in the Spanish capital. Monteverde is specialised in the luxury property sector. In September 2006, it acquired a building in Paseo de la Castellana, central Madrid, from Espais for EUR 64 mln.
Morgan Stanley spin-off, Proprium, made a 20-times multiple on its €65 mln equity investment in 2007 in Motel One.
