Pan-European real estate private equity business Palm Capital has acquired Project Falcon, a £150 mln (€170 mln) sub-performing loan book secured against a portfolio of 80 UK commercial real estate assets, from private equity peer Lone Star.
Pan-European real estate private equity business Palm Capital has acquired Project Falcon, a £150 mln (€170 mln) sub-performing loan book secured against a portfolio of 80 UK commercial real estate assets, from private equity peer Lone Star.
Morgan Stanley spin-off, Proprium, made a 20-times multiple on its €65 mln equity investment in 2007 in Motel One.