US developer-investor Hines has joined forces with German pension fund Ärzteversorgung Westfalen-Lippe (ÄVWL) to acquire a mixed-use asset in Stuttgart, Germany.
US developer-investor Hines has joined forces with German pension fund Ärzteversorgung Westfalen-Lippe (ÄVWL) to acquire a mixed-use asset in Stuttgart, Germany.
Morgan Stanley spin-off, Proprium, made a 20-times multiple on its €65 mln equity investment in 2007 in Motel One.