Finnish property investor CapMan reported net profit for full-year 2007 of EUR 24.2 mln on Thursday, up from EUR 12.4 mln a year earlier. Profit attributable to shareholders was EUR 18.6 mln, up from EUR 11.5 mln, representing full-year earnings per share of EUR 0.24, compared with EUR 0.15 a year earlier. Group turnover increased to EUR 51.6 mln, from EUR 38 mln in 2006.
Morgan Stanley spin-off, Proprium, made a 20-times multiple on its €65 mln equity investment in 2007 in Motel One.
