JP Morgan Asset Management has bought the Fronhofer Galeria from ING Real Estate Development Germany. Located in the city of Bonn - Bad Godesberg, Fronhofer Galeria is a mixed-use property that was created from the redevelopment of the former Hertie-Kaufhaus department store in 2004.
Morgan Stanley spin-off, Proprium, made a 20-times multiple on its €65 mln equity investment in 2007 in Motel One.
