US-based asset manager Cerberus Capital Management has announced that it has closed the acquisition of a majority of Spanish banking group BBVA’s real estate business in Spain.
US-based asset manager Cerberus Capital Management has announced that it has closed the acquisition of a majority of Spanish banking group BBVA’s real estate business in Spain.
Morgan Stanley spin-off, Proprium, made a 20-times multiple on its €65 mln equity investment in 2007 in Motel One.