French office REITs Société de la Tour Eiffel (STE) and Affine have signed an agreement to merge their businesses and create a €1.7 bn office property group.
French office REITs Société de la Tour Eiffel (STE) and Affine have signed an agreement to merge their businesses and create a €1.7 bn office property group.
Morgan Stanley spin-off, Proprium, made a 20-times multiple on its €65 mln equity investment in 2007 in Motel One.