Investec Wealth & Investment said this week that it has redeployed around 20% of its real estate exposure – equivalent to £200 mln (€240 mln) – from conventional property investments to a range of non-traditional property vehicles owning the freeholds of GP surgeries, student accommodation, care homes and theme parks.
Morgan Stanley spin-off, Proprium, made a 20-times multiple on its €65 mln equity investment in 2007 in Motel One.
