The government in Lisbon is struggling to get the EU to acknowledge how much the economy has improved. Yet, two significant transactions in recent weeks highlight how real estate in Portugal – the P in the Global Financial-Crisis-ravaged 'PIIGS' countries on Europe’s periphery – is on the road to recovery.
Morgan Stanley spin-off, Proprium, made a 20-times multiple on its €65 mln equity investment in 2007 in Motel One.
