Hannover Leasing has announced the acquisition of the largest downtown business and shopping centre in the Czech Republic for more than EUR 500 mln. The Palladium is centrally located in Prague's inner city, and includes about 19,500 m[sup]2[/sup] in office space, 200 stores plus cafes and restaurants on more than 39,000 m[sup]2[/sup].
Morgan Stanley spin-off, Proprium, made a 20-times multiple on its €65 mln equity investment in 2007 in Motel One.
