London-listed XXI Century Investments has announced the receipt of a construction permit for its 88,4000 m[sup]2[/sup] mix-use project in the western Ukrainian city of Lviv. Demolition of the existing buildings on the land plot have been completed and the foundation works have begun.
Morgan Stanley spin-off, Proprium, made a 20-times multiple on its €65 mln equity investment in 2007 in Motel One.
