Italy's Banca Italease has hired investment bank Lazard to market the sale of its real estate portfolio worth some EUR 400mln. The properties are part of Italease's non-strategic portfolio and consist of buildings and land in several Italian cities, including Rome and Milan, according to Italian media.
Morgan Stanley spin-off, Proprium, made a 20-times multiple on its €65 mln equity investment in 2007 in Motel One.
