Ten years after the opening of ECE's shopping centre Europa-Passage in downtown Hamburg, the developer has unveiled plans to completely refurbish the asset with an injection of €14 mln from owner Allianz Real Estate.
Ten years after the opening of ECE's shopping centre Europa-Passage in downtown Hamburg, the developer has unveiled plans to completely refurbish the asset with an injection of €14 mln from owner Allianz Real Estate.
Morgan Stanley spin-off, Proprium, made a 20-times multiple on its €65 mln equity investment in 2007 in Motel One.