Dublin-based Blackrock International Land has entered into a 50-50 joint venture with Belgium's EuroCapital Property to acquire a new office building in Brussels for a total outlay of almost EUR 42 mln. The projected initial yield is expected to exceed 6.2%.
Morgan Stanley spin-off, Proprium, made a 20-times multiple on its €65 mln equity investment in 2007 in Motel One.
