Gramercy Europe, a wholly owned subsidiary of US REIT Gramercy Property Trust, is on track to invest €800 mln in Europe this year, Alistair Calvert, managing director and head of investments at Gramercy Europe, has told PropertyEU.
Morgan Stanley spin-off, Proprium, made a 20-times multiple on its €65 mln equity investment in 2007 in Motel One.
