Luxembourg-based investor Corestate Capital has created a special fund for serviced apartments in European cities with a target volume of at least €200 mln, on behalf of a German insurance company.
Luxembourg-based investor Corestate Capital has created a special fund for serviced apartments in European cities with a target volume of at least €200 mln, on behalf of a German insurance company.
Morgan Stanley spin-off, Proprium, made a 20-times multiple on its €65 mln equity investment in 2007 in Motel One.