Carlyle Group has acquired 30 office properties from Finnish insurance group Tapiola for EUR 216 mln. The global private equity firm said it seeks to increase its exposure to the Nordic real estate markets where yields are higher than in other countries. 'The relatively high yields compared to other mature European markets makes Finland an attractive country for investors', Carlyle said.
Morgan Stanley spin-off, Proprium, made a 20-times multiple on its €65 mln equity investment in 2007 in Motel One.
