CBRE Investment Management and Income Insurance, a composite insurer in Singapore, have signed an investment management agreement under which CBRE IM will take over the management of Income’s existing US$3 bn (€3 bn) real estate portfolio, which includes direct and indirect holdings across APAC, North America and EMEA.
Morgan Stanley spin-off, Proprium, made a 20-times multiple on its €65 mln equity investment in 2007 in Motel One.
