Spanish property giant Metrovacesa said it net profit rose 192.8% to EUR 1.79 bn in 2006, a three-fold increase year-on-year. The figure is well above the forecast of EUR 1.1 bn made by Spain's largest property firm following the release of its third quarter results, and higher than analyst estimates of EUR 1.23 bn.
Morgan Stanley spin-off, Proprium, made a 20-times multiple on its €65 mln equity investment in 2007 in Motel One.
