Dexia Bank Belgium and Antwerp-based investment company GIMV have said they are in the process of launching a new non-listed fund to invest in infrastructure and real estate construction projects, mainly in the Benelux region (Belgium, the Netherlands and Luxembourg). The two partners are each contributing 20% of the financing for the fund that has a target of EUR 100 mln.
Morgan Stanley spin-off, Proprium, made a 20-times multiple on its €65 mln equity investment in 2007 in Motel One.
