Belgian real estate company Befimmo has agreed to sell its non-strategic portfolio of semi-industrial assets to American firm AIG Global Real Estate Investment and London-based property investor Rockspring for EUR 72 mln. The seven-building portfolio comprises 45,000 m[sup]2[/sup] of semi-industrial space and 15,000 m[sup]2[/sup] of office space in Zaventem, Belgium.
Morgan Stanley spin-off, Proprium, made a 20-times multiple on its €65 mln equity investment in 2007 in Motel One.
