Germany's Redos Real Estate said on Tuesday that it has launched a new retail unit under the name Redos Retail Asset Management (RRAM). Besides private equity investments in property portfolios and real estate projects, Redos RE will now offer retail-oriented asset management for its own co-investments and third investors, the company said.
Morgan Stanley spin-off, Proprium, made a 20-times multiple on its €65 mln equity investment in 2007 in Motel One.
