Aareal Asset Management has completed the redevelopment of Giulia shopping centre in the northern Italian city of Trieste. Built in 1992, Giulia was the first shopping centre in the city and is conveniently located in a central and densely populated neighbourhood. The development provides 50 retail units over the 15,200 m[sup]2[/sup] gross lettable areas of the three-level property.
Morgan Stanley spin-off, Proprium, made a 20-times multiple on its €65 mln equity investment in 2007 in Motel One.
