European property stocks edged up slightly in July as the FTSE EPRA/NAREIT Global Real Estate Index finished the month up 1.8%. In the same period global equity markets fell -1.4% and the global bond market added 110 basis points.
European property stocks edged up slightly in July as the FTSE EPRA/NAREIT Global Real Estate Index finished the month up 1.8%. In the same period global equity markets fell -1.4% and the global bond market added 110 basis points.
Morgan Stanley spin-off, Proprium, made a 20-times multiple on its €65 mln equity investment in 2007 in Motel One.