Icamap, the Luxembourg fund manager founded by Unibail Rodamco’s former CEO Guillaume Poitrinal, JP Morgan’s former analyst Harm Meijer and Alexandre Aquien, has announced the launch of a new opportunistic fund designed to benefit ‘from the current exciting market conditions for listed real estate stocks in Europe’.
Morgan Stanley spin-off, Proprium, made a 20-times multiple on its €65 mln equity investment in 2007 in Motel One.
