German property group Patrizia said on Thursday that it has started refurbishment work on ‘The Louise’, an iconic 1960’s office tower located in the heart of Brussels which is to be redeveloped into an ultramodern carbon-neutral building by the end of 2023.
Morgan Stanley spin-off, Proprium, made a 20-times multiple on its €65 mln equity investment in 2007 in Motel One.
