Developer Sean Dunne's plans to develop a 32-storey tower in the south of Dublin have been blocked by the city council, the Irish Independent newspaper has reported. The City Council said that new developments in the district of Ballsbridge can't pass the eigth-storey threshold.
Morgan Stanley spin-off, Proprium, made a 20-times multiple on its €65 mln equity investment in 2007 in Motel One.
