European fund manager Patrizia has announced the final close of its flagship discretionary value-add fund, TransEuropean VII LP (TEP VII), which has reached its equity hard cap of €750 mln, as tipped by PropertyEU last week.
European fund manager Patrizia has announced the final close of its flagship discretionary value-add fund, TransEuropean VII LP (TEP VII), which has reached its equity hard cap of €750 mln, as tipped by PropertyEU last week.
Morgan Stanley spin-off, Proprium, made a 20-times multiple on its €65 mln equity investment in 2007 in Motel One.