Property fund manager Cordea Savills announced the final closing on Monday of its Italian Opportunities II fund. The fund, which targets net returns of 20% per annum, raised over EUR 360 mln of equity from institutional investors in two closings.
Property fund manager Cordea Savills announced the final closing on Monday of its Italian Opportunities II fund. The fund, which targets net returns of 20% per annum, raised over EUR 360 mln of equity from institutional investors in two closings.
Morgan Stanley spin-off, Proprium, made a 20-times multiple on its €65 mln equity investment in 2007 in Motel One.