AXA Investment Managers - Real Assets will invest 'up to €2 bn over the next three years' via its recently launched Development Venture IV fund, the fund's manager, Denis Morel, told PropertyEU.
AXA Investment Managers - Real Assets will invest 'up to €2 bn over the next three years' via its recently launched Development Venture IV fund, the fund's manager, Denis Morel, told PropertyEU.
Morgan Stanley spin-off, Proprium, made a 20-times multiple on its €65 mln equity investment in 2007 in Motel One.