US privately-held developer-investor Hines has acquired a prime logistics park beside Heathrow Airport on behalf of the Hines Pan-European Core Fund (HECF). The asset was purchased from Aberdeen Standard Investments for £80 mln (€90 mln).
Morgan Stanley spin-off, Proprium, made a 20-times multiple on its €65 mln equity investment in 2007 in Motel One.
