Office occupier demand is weakening on the back of deteriorating economic conditions, which could impact on office letting activity in the capital in 2009, according to a survey by property consultants CB Richard Ellis (CBRE) published on Wednesday. The finding was issued despite good letting activity and a number of large lettings currently under negotiation in the office market.
Morgan Stanley spin-off, Proprium, made a 20-times multiple on its €65 mln equity investment in 2007 in Motel One.
