US private equity firm Blackstone has acquired 264,000 m2 of light industrial multi-let properties in the Netherlands from HIG Capital for €130 mln, a day after announcing a €1.3 bn buy of similar assets in the Netherlands and Germany from UK REIT Hansteen.
Morgan Stanley spin-off, Proprium, made a 20-times multiple on its €65 mln equity investment in 2007 in Motel One.
