UK-listed property investor NewRiver REIT has teamed up with a fund run by American asset management group Pacific Investment Management Company (Pimco) to create a portfolio of UK retail assets up to a volume of around £500 mln (€570 mln).
Morgan Stanley spin-off, Proprium, made a 20-times multiple on its €65 mln equity investment in 2007 in Motel One.
