The CB Richard Ellis (CBRE) prime rent and yield monitor for UK commercial property showed the All Property average prime yield rose 20 basis points to 5.9% in the first quarter of 2008, a sharp easing from the 50 basis points rise seen in the last quarter of 2007. With yields edging out across all property sectors, CBRE said the All Property average prime yield is now 110 basis points higher than a year ago.
Morgan Stanley spin-off, Proprium, made a 20-times multiple on its €65 mln equity investment in 2007 in Motel One.
