German property fund manager Deka Immobilien has signed an agreement to acquire the head office of Swedish-Finnish paper manufacturer Stora Enso in Helsinki for EUR 30mln. Stora Enso will rent the 6,500 m[sup]2[/sup] property back from WestInvest InterSelect, one of the Deka Group's funds, for a period of two to three years.
Morgan Stanley spin-off, Proprium, made a 20-times multiple on its €65 mln equity investment in 2007 in Motel One.
