AEW has announced the off-market acquisition of a prime retail asset on Passeig de Gracia 89, directly opposite the iconic La Pedrera (Casa Mila), in the heart of Barcelona’s main luxury shopping district, on behalf of AEW Europe City Retail Fund from a private vendor.
Morgan Stanley spin-off, Proprium, made a 20-times multiple on its €65 mln equity investment in 2007 in Motel One.
