Discounts at the prime end of the UK real estate market may have disappeared, but a correction remains a likelihood in the secondary market, according to Peter MacColl, head of global capital markets at London-based advisor Knight Frank.
Discounts at the prime end of the UK real estate market may have disappeared, but a correction remains a likelihood in the secondary market, according to Peter MacColl, head of global capital markets at London-based advisor Knight Frank.
Morgan Stanley spin-off, Proprium, made a 20-times multiple on its €65 mln equity investment in 2007 in Motel One.