French investment manager Primonial REIM has committed €40 mln to Catella’s maiden pan-European residential fund, marking the first investment in the vehicle from outside Germany, the Berlin-based company said on Thursday.
French investment manager Primonial REIM has committed €40 mln to Catella’s maiden pan-European residential fund, marking the first investment in the vehicle from outside Germany, the Berlin-based company said on Thursday.
Morgan Stanley spin-off, Proprium, made a 20-times multiple on its €65 mln equity investment in 2007 in Motel One.