German lender Pbb Deutsche Pfandbriefbank said this week that it has provided around €140 mln to a subsidiary of Northern European residential property specialist Heimstaden Bostad to refinance the acquisition of a nearly fully-let residential portfolio located in Berlin.
Morgan Stanley spin-off, Proprium, made a 20-times multiple on its €65 mln equity investment in 2007 in Motel One.
