Austria-based Meinl has entered Ukraine with the purchase of a 60,000 m[sup]2[/sup] shopping centre in Odessa, in the south of the country, for EUR 150 mln. The mall is scheduled for completion in the first quarter of 2009. The initial yield is slightly above 12%, the development company said in a press release.
Morgan Stanley spin-off, Proprium, made a 20-times multiple on its €65 mln equity investment in 2007 in Motel One.
