Spanish property company Realia said on Thursday that it expects to complete the skeleton of its Torre Realia BCN skyscraper in Barcelona by the end of the month. Realia, a company owned by savings bank Caja Madrid and construction company Fomentos de Construcciones y Contratas (FCC), is investing about EUR 130 mln on the tower project, which will be inaugurated in July 2009.
Morgan Stanley spin-off, Proprium, made a 20-times multiple on its €65 mln equity investment in 2007 in Motel One.
