A total of £1.2 bn of transactions took place during the third quarter in the Central London commercial property investment markets, according to a research report issued by Cushman & Wakefield this week. The figure represents a 40% drop on the second quarter and about 20% of the total turnover in the third quarter of 2007, C&W said in its Central London Investment Volumes report for the third quarter of the year.
Morgan Stanley spin-off, Proprium, made a 20-times multiple on its €65 mln equity investment in 2007 in Motel One.
