VIA Outlets plans to acquire around €500 mln of outlet centres in Europe over the next three to five years, according to Timon Drakesmith, chairman of the advisory committee of VIA Outlets and CFO of UK retail REIT Hammerson, which holds a 47% stake in the VIA business.
Morgan Stanley spin-off, Proprium, made a 20-times multiple on its €65 mln equity investment in 2007 in Motel One.
