As initial yields come under intense pressure, returns in the Spanish property market are increasingly income-driven, forcing investors to take the development route, PropertyEU's Outlook 2016: Europe & Spain Investment Briefing has heard.
As initial yields come under intense pressure, returns in the Spanish property market are increasingly income-driven, forcing investors to take the development route, PropertyEU's Outlook 2016: Europe & Spain Investment Briefing has heard.
Morgan Stanley spin-off, Proprium, made a 20-times multiple on its €65 mln equity investment in 2007 in Motel One.