The commercial property boom in the UK may be coming to an end, British Land, the second largest property company in Europe, has warned. The company's ceo Stephen Hester told the media during the presentation of the results for the last quarter in 2006 that the steep price increases of recent years had been a 'correction' to the traditional undervaluation of the sector.
Morgan Stanley spin-off, Proprium, made a 20-times multiple on its €65 mln equity investment in 2007 in Motel One.
