Aareal Bank announced on Wednesday that it has provided a €210 mln loan to Tishman Speyer and the Public Sector Pension Investment Board (PSP Investments) for their acquisition of Espace Lumière in Boulogne Billancourt from a fund managed by Invesco Real Estate.
Morgan Stanley spin-off, Proprium, made a 20-times multiple on its €65 mln equity investment in 2007 in Motel One.
