Berlin-based Catella Residential Investment Management (CRIM) has appointed Patrick Au Yeung as fund manager of the Catella European Residential Fund lll (CER III), its maiden pan-European residential vehicle open to international investors, with effect from October 1st.
Morgan Stanley spin-off, Proprium, made a 20-times multiple on its €65 mln equity investment in 2007 in Motel One.
