French asset manager Paref Gestion's Novapierre Allemagne 2 SCPI fund has acquired a retail park in Giengen, Southern Germany, from a fund managed by the Hahn Group.
French asset manager Paref Gestion's Novapierre Allemagne 2 SCPI fund has acquired a retail park in Giengen, Southern Germany, from a fund managed by the Hahn Group.
Morgan Stanley spin-off, Proprium, made a 20-times multiple on its €65 mln equity investment in 2007 in Motel One.