French developer-investor Générale Continentale Investissements (GCI) and UK investment manager Benson Elliot have joined forces to purchase the #Curve office development project in Saint-Denis, to the North of Paris, from the development arm of BNP Paribas Real Estate for an undisclosed price.
Morgan Stanley spin-off, Proprium, made a 20-times multiple on its €65 mln equity investment in 2007 in Motel One.
