European listed real estate, as represented by the GPR 250 Europe Index, had a quiet August, closing 0.2 down, with ony Austria and Sweden putting on a strong showing. Despite the Brexit fall-out, the UK managed to stay in the black - albeit by its finger nails.
Morgan Stanley spin-off, Proprium, made a 20-times multiple on its €65 mln equity investment in 2007 in Motel One.
