US developer-investor Hines has joined forces with Italian asset manager Idea Fimit to acquire a seven-storey retail and office building at via Dante 16, one of Milan’s main high streets, for €55 mln.
US developer-investor Hines has joined forces with Italian asset manager Idea Fimit to acquire a seven-storey retail and office building at via Dante 16, one of Milan’s main high streets, for €55 mln.
Morgan Stanley spin-off, Proprium, made a 20-times multiple on its €65 mln equity investment in 2007 in Motel One.