UK shopping centre owner and developer Intu has refinanced the debt on its Merry Hill shopping centre in the West Midlands with a £488 mln (€536 mln) loan provided by four banks, including US lender Wells Fargo and BNP Paribas.
Morgan Stanley spin-off, Proprium, made a 20-times multiple on its €65 mln equity investment in 2007 in Motel One.
