Sonae Sierra, the specialist in the development of shopping malls, is to open two shopping centres in Spain in the autumn. The malls, in Ponferrada and Malaga, will involve an investment of EUR 158 mln, the Portuguese company said on Tuesday.
Morgan Stanley spin-off, Proprium, made a 20-times multiple on its €65 mln equity investment in 2007 in Motel One.
