Andrew Stoneman, Triple Point’s head of development finance, says a swathe of distressed property assets are enticing private equity funds, while the lending market has continued a split between traditional and non-traditional lenders.
Andrew Stoneman, Triple Point’s head of development finance, says a swathe of distressed property assets are enticing private equity funds, while the lending market has continued a split between traditional and non-traditional lenders.
Morgan Stanley spin-off, Proprium, made a 20-times multiple on its €65 mln equity investment in 2007 in Motel One.