Israeli retail property developer Plaza Centers announced that it has won a competitive tender and acquired a site from PKS Kielce, the local branch of the Polish National Bus Company, to develop a major new shopping and entertainment centre in Kielce, Poland. The project is expected to have a gross development budget of EUR 90 mln.
Morgan Stanley spin-off, Proprium, made a 20-times multiple on its €65 mln equity investment in 2007 in Motel One.
