Nexity Reim and Natixis Capital Partners's new joint venture, Capnexi, has bought a 17,000 m[sup]2[/sup] portfolio consisting of three assets at Puteaux outside Paris from German pharmaceutical group Bayer for EUR 105mln. In a statement, the two partners said that Bayer will lease back two of the buildings, or about 6,800 m[sup]2[/sup] of space. The third building will be renovated and put out to lease.
Morgan Stanley spin-off, Proprium, made a 20-times multiple on its €65 mln equity investment in 2007 in Motel One.
