Airports are one of the best untapped retail opportunities, according to Fiona Hamilton, BNP Paribas global head of retail. Speaking at Mapic today she said: ‘Retailers can offer more experiences to their customers because the returns are there. It makes it very exciting.’ It’s all about the story and the experience, she added.
Morgan Stanley spin-off, Proprium, made a 20-times multiple on its €65 mln equity investment in 2007 in Motel One.
