Property & Building, the real estate arm of Israeli investment firm IDB, and Israeli property investor Electra Real Estate have jointly bought land in Ukraine for a mixed-use project expected to raise $ 4 bn (EUR 2.9 bn) upon completion. Property & Building will own two-thirds of the project, with Electra holding the remainder.
Morgan Stanley spin-off, Proprium, made a 20-times multiple on its €65 mln equity investment in 2007 in Motel One.
