Hong Kong’s K&K Property Holdings has acquired Orion House, Covent Garden’s iconic freehold office tower, for £130 mln (€153 mln), from Central London specialist Welput. This transaction represents K&K’s first investment in the London real estate market.
Morgan Stanley spin-off, Proprium, made a 20-times multiple on its €65 mln equity investment in 2007 in Motel One.
