Dutch property group Redevco has appointed Robert Lie to the new position of managing director for Redevco Asia. Lie, until recently CEO Asia at ING Real Estate Investment Management (REIM), will lead Redevco's investment and development activities in its second home market, Asia, from its new office in Hong Kong, China.
Morgan Stanley spin-off, Proprium, made a 20-times multiple on its €65 mln equity investment in 2007 in Motel One.
