Hypo Real Estate Bank International has announced that it has successfully completed a circa SEK 3 bn (EUR 300 mln) senior investment financing to Niam Nordic Investment Fund III (Niam Fund III), for the acquisition of office buildings in Stockholm and in Lund, Sweden from the Norwegian investor ACTA. The transaction closed on November 15 2006.
Morgan Stanley spin-off, Proprium, made a 20-times multiple on its €65 mln equity investment in 2007 in Motel One.
