European property leaders who attended the annual ULI Europe conference held in Paris earlier this week appeared to be equally divided about their outlook on the global economy. In answer to an impromptu poll, roughly 50% of the attendees indicated they were optimistic that the current economic slowdown would not worsen further. The other half were more sombre.
Morgan Stanley spin-off, Proprium, made a 20-times multiple on its €65 mln equity investment in 2007 in Motel One.
