Swiss retail group Jelmoli has received backing from its principal shareholder, Pelham Investments, to create separate real estate and investment companies. The new companies will be listed on the Swiss Stock Exchange.
Swiss retail group Jelmoli has received backing from its principal shareholder, Pelham Investments, to create separate real estate and investment companies. The new companies will be listed on the Swiss Stock Exchange.
Morgan Stanley spin-off, Proprium, made a 20-times multiple on its €65 mln equity investment in 2007 in Motel One.