The Spanish property sector recorded a total of EUR 4.1 bn in transactions in 2006, of which EUR 2.3 bn was spent in the retail property segment. Spending in the retail segment which delivered 23 new shopping malls and five expansion schemes was EUR 300 mln higher than a provisional estimate for the year made in December, according to Spanish shopping centre agency AECC.
Morgan Stanley spin-off, Proprium, made a 20-times multiple on its €65 mln equity investment in 2007 in Motel One.
