Bouygues Immobilier, the property unit of the Bouygues conglomerate, said it has sold a French office building for EUR 141.7 mln. Bouygues Immobilier sold the 39,000 m[sup]2[/sup] office building in St Denis, near Paris, to Spanish investor Naropa Properties.
Morgan Stanley spin-off, Proprium, made a 20-times multiple on its €65 mln equity investment in 2007 in Motel One.
