French REIT Icade has announced the acquisition of the Orsud office building in Gentilly, in the southern suburbs of Paris, as well as the sale of the Twist office project in the Clichy-Batignolles development zone of the French capital.
Morgan Stanley spin-off, Proprium, made a 20-times multiple on its €65 mln equity investment in 2007 in Motel One.
