Aareal Nordic Fund, managed by a 100% subsidiary of Aareal Asset Management, has acquired its fifth property in Finland, bringing its portfolio in the country close to the EUR 100 mln mark. The 10,000 m[sup]2[/sup] office building is leased to Shell Oil and serves as their headquarters in Finland.
Morgan Stanley spin-off, Proprium, made a 20-times multiple on its €65 mln equity investment in 2007 in Motel One.
