A consortium led by Middle Eastern investment firm Arab Investments is the frontrunner to acquire the site for the proposed 288-metre 'Helter-Skelter' tower in London, Property Week has reported. Arab Investments has made a £200 mln offer for a site in Bishopsgate this week.
Morgan Stanley spin-off, Proprium, made a 20-times multiple on its €65 mln equity investment in 2007 in Motel One.
