It is still too early to assess the full impact of the global credit squeeze on European real estate markets, so some investors with a backlog of ready cash to spend are turning to the booming Asian property markets, Hein Brand, CEO of ING Real Estate Finance, said in an interview with PropertyEU TV at MIPIM.
Morgan Stanley spin-off, Proprium, made a 20-times multiple on its €65 mln equity investment in 2007 in Motel One.
