With the global economy expected to continue to weaken over the remainder of 2008 and throughout 2009, capital values are likely to remain under pressure, according to the latest Global Capital Flows report released on Tuesday by Jones Lang LaSalle. Although transactions are likely to continue, this will probably be a result of more distressed selling and fair value opportunities rather than a
Morgan Stanley spin-off, Proprium, made a 20-times multiple on its €65 mln equity investment in 2007 in Motel One.
