Total commercial real estate volumes in Germany will probably reach EUR 70-75 bn this year despite the credit crunch, as demand among institutional investors for German portfolios remains strong, property investment group Estavis estimates. Estavis released an upbeat edition of its investment barometer for Germany to coincide with the MIPIM property fair in Cannes.
Morgan Stanley spin-off, Proprium, made a 20-times multiple on its €65 mln equity investment in 2007 in Motel One.
