Dutch property investment fund B&S Vastgoed has acquired the 11,000 m[sup]2[/sup] Vitrum office building in Amsterdam from Urban Interest Real Estate Investment for EUR 58 mln. Property advisor Appelhoven acted for the buyer and Van Dijk & Ten Cate advised Urban Interest.
Morgan Stanley spin-off, Proprium, made a 20-times multiple on its €65 mln equity investment in 2007 in Motel One.
