Report: Real Estate Investor Proprium Capital Exploring Sale

Stamford, CT-based real estate investment firm Proprium Capital Partners is considering strategic alternatives that could include a sale, Bloomberg reported on December 4.

Citing people with knowledge of the matter, Bloomberg reported that Proprium is currently working with an adviser to reach out to potential partners, though no decisions have been made as to the shape or even definitiveness of a possible deal.

The company has been actively working on investments and exits, in April selling its 35% stake in Motel One Group for €1.25B, bringing the firm’s long-term investment to the hotel company to an end. In July, it made an investment in an Italian student-housing venture and more recently offered to acquire Australian property developer AVJennings for $374M.

Source:

https://www.msn.com/en-us/money/realestate/real-estate-firm-proprium-capital-partners-explores-a-sale/ar-AA1vh4OE?ocid=finance-verthp-feeds