Degi has drastically reduced its forecast for the German real estate investment trust (G-REIT). Initially, it was considered reasonable that the tax-friendly vehicle introduced in 2007 would see market volumes of EUR 50-60bn. But in a new report, Degi- the German property investment fund manager owned by UK-listed Aberdeen Asset Management - says it expects the value to be far lower.
Morgan Stanley spin-off, Proprium, made a 20-times multiple on its €65 mln equity investment in 2007 in Motel One.
