Catalan listed real estate company Aisa has said that it is in merger talks with Barcelona-based construction group Hemeretik. The company added that no agreement has yet been reached but the companies have set a deadline of 30 June next year to decide whether to proceed with a merger or not.
Morgan Stanley spin-off, Proprium, made a 20-times multiple on its €65 mln equity investment in 2007 in Motel One.
