Abu Dhabi-based Reem Investments plans to invest $1 bn (EUR 745 mln) in the construction of the Atlas Garden tourist and real estate complex near Marrakech, Morocco. The 200-hectare scheme will include three hotels with more than 2,500 beds and an 18-hole golf course, residential areaa, a trade centre and a craft-trading centre, Italian news agency Ansa reported.
Morgan Stanley spin-off, Proprium, made a 20-times multiple on its €65 mln equity investment in 2007 in Motel One.
