The repricing of commercial real estate properties across the globe, ignited by the rising cost of debt following a flurry of interest rate hikes this year, is likely to generate attractive buying opportunities, especially for non-leveraged investors, according to Dutch institutional investment manager Bouwinvest.
Morgan Stanley spin-off, Proprium, made a 20-times multiple on its €65 mln equity investment in 2007 in Motel One.
