The slide in European retail real estate values could extend until early 2023 if, as projected, lagging markets in the EU follow the trajectory of the UK, where prices have already fallen 40% from peak to trough and are only now showing signs of bottoming out, according to a new report issued by PGIM Real Estate.
Morgan Stanley spin-off, Proprium, made a 20-times multiple on its €65 mln equity investment in 2007 in Motel One.
