Pictet Alternative Advisors has reached its hard cap for its first real estate fund, raising €700 mln of equity for pan-European value-add transactions.
Pictet Alternative Advisors has reached its hard cap for its first real estate fund, raising €700 mln of equity for pan-European value-add transactions.
Morgan Stanley spin-off, Proprium, made a 20-times multiple on its €65 mln equity investment in 2007 in Motel One.