International investors interested in entering the Turkish real estate market would be well advised to look at secondary cities outside the big three – Istanbul, Ankara and Izmir. That was one of the key messages that emerged at the PropertyEU Investment Briefing on Turkey held on Thursday at the London office of Aberdeen Asset Management.
Morgan Stanley spin-off, Proprium, made a 20-times multiple on its €65 mln equity investment in 2007 in Motel One.
