UK property group Grosvenor said on Tuesday that it has completed the first phase of its £1bn regeneration project for Liverpool city centre. This key milestone opens up nearly one million sq ft (93,000 m2) of retail space across 80 units and 2,500 parking spaces ahead of schedule, reconnecting the city's existing shopping area with its historic waterfront and new arena and convention centre.
Morgan Stanley spin-off, Proprium, made a 20-times multiple on its €65 mln equity investment in 2007 in Motel One.
