AXA Investment Managers - Real Assets has agreed to acquire a residential development scheme in Erfurt, Germany, for €30 mln, on behalf of a German residential fund restricted to professional investors.
AXA Investment Managers - Real Assets has agreed to acquire a residential development scheme in Erfurt, Germany, for €30 mln, on behalf of a German residential fund restricted to professional investors.
Morgan Stanley spin-off, Proprium, made a 20-times multiple on its €65 mln equity investment in 2007 in Motel One.