Developer YardNine and Invesco Real Estate have bought an office scheme at 40 and 50 Eastbourne Terrace in London’s Paddington for £110 mln (€124 mln) from Hermes Investment Management and Canada Pension Plan Investment Board.
Developer YardNine and Invesco Real Estate have bought an office scheme at 40 and 50 Eastbourne Terrace in London’s Paddington for £110 mln (€124 mln) from Hermes Investment Management and Canada Pension Plan Investment Board.
Morgan Stanley spin-off, Proprium, made a 20-times multiple on its €65 mln equity investment in 2007 in Motel One.