German property vendors are wrong in thinking they will soon be able to demand the high prices that were prevalent in the 18 months prior to the onset of the credit crisis, says Andreas Krone, CEO of Apollo Real Estate.
German property vendors are wrong in thinking they will soon be able to demand the high prices that were prevalent in the 18 months prior to the onset of the credit crisis, says Andreas Krone, CEO of Apollo Real Estate.
Morgan Stanley spin-off, Proprium, made a 20-times multiple on its €65 mln equity investment in 2007 in Motel One.