German residential developer Instone said on Wednesday that it has placed nearly 20 million shares at €21.50 apiece as part of its listing on the Frankfurt Stock Exchange.
German residential developer Instone said on Wednesday that it has placed nearly 20 million shares at €21.50 apiece as part of its listing on the Frankfurt Stock Exchange.
Morgan Stanley spin-off, Proprium, made a 20-times multiple on its €65 mln equity investment in 2007 in Motel One.