Italian property giant Pirelli Real Estate would be interested in acquiring the property owned by German department store chain Kaufhof in the event the owner Metro decided to put the assets up for sale, CEO Carlo Puri Negri said during a conference this week of the Italian real estate industry association Assoimmobiliare.
Morgan Stanley spin-off, Proprium, made a 20-times multiple on its €65 mln equity investment in 2007 in Motel One.
