Tunstall Real Estate Asset Management, the pan-European alternative investment management firm created recently by London-based M7 Real Estate, has made its first investment for a new Dutch-focused discounted pay-off debt fund, after receiving €55 mln of initial commitments from a number of international investors at its first closing.
Morgan Stanley spin-off, Proprium, made a 20-times multiple on its €65 mln equity investment in 2007 in Motel One.
