European retail REIT Eurocommercial has acquired Valbo shopping centre in Gävle, Sweden from CBRE Global Investors. The price of SEK 1.14 bn (€116 mln) represents a yield of around 5.3%.
Morgan Stanley spin-off, Proprium, made a 20-times multiple on its €65 mln equity investment in 2007 in Motel One.
