German investor Deka Immobilien said on Thursday that it has acquired the Cambridge retail park in the university city of Cambridge, UK, for about EUR 114 mln. The purchase adds another retail building to the portfolio of the company's open-ended fund Deka ImmobilienEuropa. The property was sold by a 72/25 joint venture of Henderson and Morley.
Morgan Stanley spin-off, Proprium, made a 20-times multiple on its €65 mln equity investment in 2007 in Motel One.
