Swedish construction company Skanska has been awarded a EUR 33 mln contract to continue the expansion and renovation of the Rocca al Mare shopping centre in the Estonian capital Tallinn. The customer is Rocca al Mare Kaubanduskeskus, owned by Finnish real estate company Citycon.
Morgan Stanley spin-off, Proprium, made a 20-times multiple on its €65 mln equity investment in 2007 in Motel One.
