UK REIT Great Portland Estates (GPE) has sold the London office project, 55 Wells Street, W1 to an overseas investor for £65.46 mln (€74 mln), equating to £64.60 mln after deduction of expenses.
Morgan Stanley spin-off, Proprium, made a 20-times multiple on its €65 mln equity investment in 2007 in Motel One.
