AXA Real Estate Investment Managers (AXA REIM) has agreed to buy a 45,000 m[sup]2[/sup] portfolio of office developments in France from real estate developer Codic for some EUR 150 mln.
AXA Real Estate Investment Managers (AXA REIM) has agreed to buy a 45,000 m[sup]2[/sup] portfolio of office developments in France from real estate developer Codic for some EUR 150 mln.
Morgan Stanley spin-off, Proprium, made a 20-times multiple on its €65 mln equity investment in 2007 in Motel One.