Sydney-based investor Stockland is keen to enter the UK and has launched a £170 mln (EUR 260 mln) takeover bid for AIM-listed property company Halladale. The Australian property group has made an offer of 225p per share, which represents a 33.9% premium to Halladale's closing share price on Tuesday.
Morgan Stanley spin-off, Proprium, made a 20-times multiple on its €65 mln equity investment in 2007 in Motel One.
