Dutch pension fund PGGM's private real estate arm has joined forces with European retail specialist Redevco to launch a €550 mln European commercial real estate joint venture to be known as Urban Retail Ventures.
Dutch pension fund PGGM's private real estate arm has joined forces with European retail specialist Redevco to launch a €550 mln European commercial real estate joint venture to be known as Urban Retail Ventures.
Morgan Stanley spin-off, Proprium, made a 20-times multiple on its €65 mln equity investment in 2007 in Motel One.