French property company Eurosic said on Friday it has bought an office building at Boulogne-Billancourt, Hauts de Seine, from Oppenheim. The building has a leasable area of 6,800 m[sup]2[/sup] and is fully let to a single tenant until 2012. The total cost of this acquisition is EUR 37 mln. Espace Consultant acted as property advisor for this transaction.
Morgan Stanley spin-off, Proprium, made a 20-times multiple on its €65 mln equity investment in 2007 in Motel One.
