Hansteen, the London-listed investor in industrial properties in Continental Europe, has bought nine assets in Germany and the Netherlands for a total of EUR 53 mln. The properties generate an annual rental income of EUR 4.1 mln, reflecting an initial yield of 5.6%.
Morgan Stanley spin-off, Proprium, made a 20-times multiple on its €65 mln equity investment in 2007 in Motel One.
