Shopping centre developer and manager Inter Ikea Centre Group is teaming up with designer outlet specialist McArthurGlen in a joint venture aimed at builidng a McArthurGlen-branded designer outlet village in the Targowek area of Warsaw, Poland. This is the first project to be carried out by the partnership, Mc ArthurGlen said in a statement.
Morgan Stanley spin-off, Proprium, made a 20-times multiple on its €65 mln equity investment in 2007 in Motel One.
