Raiffeisen Bank, a unit of Austria's RZB banking group, has agreed to lease over 8,000 m[sup]2[/sup] of space in the Arena Corner scheme in Budapest as part of the bank's expansion in Hungary. The deal increases the occupancy rate of the A-class office scheme, owned by the Endurance Fund and managed by Orco Property Group, from 13% to 80%.
Morgan Stanley spin-off, Proprium, made a 20-times multiple on its €65 mln equity investment in 2007 in Motel One.
