CB Richard Ellis has acquired the 'Defense Bergeres' building in Nanterre, central France for the French Dynamique Bureaux company. This vacant office building, completely renovated in 2005, provides a lettable area of about 10,000 m[sup]2[/sup] and includes a restaurant and 254 parking spaces. The investment is of the order of EUR 30 mln, the Business Immo website reported.
Morgan Stanley spin-off, Proprium, made a 20-times multiple on its €65 mln equity investment in 2007 in Motel One.
