Macquarie, the Australian banking and investment group, has launched a new push into the European property sector by acquiring GLL Real Estate Partners, a Munich-based fund manager with €7 bn of assets under management.
Macquarie, the Australian banking and investment group, has launched a new push into the European property sector by acquiring GLL Real Estate Partners, a Munich-based fund manager with €7 bn of assets under management.
Morgan Stanley spin-off, Proprium, made a 20-times multiple on its €65 mln equity investment in 2007 in Motel One.