Deutsche EuroShop has said it has acquired a 75% stake in shopping centre Stadt-Galerie Passau in Bavaria for around EUR 95 mln. ECE Group is the investment partner on the deal and will be responsible for planning, development, leasing and center management. Deutsche EuroShop said this transaction meant it has once again overachieved its annual growth target.
Morgan Stanley spin-off, Proprium, made a 20-times multiple on its €65 mln equity investment in 2007 in Motel One.
