Atlas Estates, a property investment company which focuses on central and eastern Europe, has acquired three properties in Romania, Poland and Slovakia for a total of EUR 23 mln. The purchase includes a 32,000 m[sup]2[/sup] plot of land in Romania for EUR 14.39 mln, and a 6,000 m[sup]2[/sup] office building in Poland for EUR 7.35 mln.
Morgan Stanley spin-off, Proprium, made a 20-times multiple on its €65 mln equity investment in 2007 in Motel One.
