Aim-listed investor Argo said on Wednesday that its private equity fund and local developer Omilos Group have completed the first phase of the ERA Shopping Park development in Iasi, Romania. The scheme is the first of two retail parks that Argo Capital Partners Fund 1 plans to operate in the country under the ERA Shopping Park brand.
Morgan Stanley spin-off, Proprium, made a 20-times multiple on its €65 mln equity investment in 2007 in Motel One.
