UK property tycoon Simon Halabi is reportedly set to sell his one-third stake in the troubled Shard of Glass skyscraper project. The Syrian-born investor is understood to have received a £30 mln cash offer from some Qatari investment funds for his interest in the site over London Bridge station. Here plans are to build a 310-m tall glass-covered skyscraper which would be worth up to £1.4 bn on completion in end-2012.
Morgan Stanley spin-off, Proprium, made a 20-times multiple on its €65 mln equity investment in 2007 in Motel One.
