UK-based property investor GPT Halverton has set up its first retail property fund, the German Retail Property Fund (GRP), after raising a total of EUR 136.5 mln in equity among institutional European and international investors.
UK-based property investor GPT Halverton has set up its first retail property fund, the German Retail Property Fund (GRP), after raising a total of EUR 136.5 mln in equity among institutional European and international investors.
Morgan Stanley spin-off, Proprium, made a 20-times multiple on its €65 mln equity investment in 2007 in Motel One.