Caixa Geral de Depositos and Iberdrola Inmobiliaria have signed a cooperation agreement for the management of projects in the Portuguese real estate market. The agreement was signed in Madrid through the subsidiaries Imocaixa, Iberdrola Inmobiliaria and Gestao Imobiliária, and regards both the finance and the development of projects in the real estate sector.
Morgan Stanley spin-off, Proprium, made a 20-times multiple on its €65 mln equity investment in 2007 in Motel One.
