A steep decline in Astroc Mediterraneo's share price last week has added fuel to concerns that Spain's 10-year real estate boom may be coming to an end. Astroc fell 43% last Wednesday, wiping EUR 2.3 bn from its market value, in the wake of disappointed with the company's figures for 2006.
Morgan Stanley spin-off, Proprium, made a 20-times multiple on its €65 mln equity investment in 2007 in Motel One.
