ING UK Real Estate has agreed to acquire a £125.5 mln (EUR 187 mln) property portfolio from US fund Nivian Unit Trustees. The tranaction includes three offices, three retail properties, a distribution warehouse and a multi-let industrial estate in Bracknell, Bristol and Carlisle, Property Week reported. The purchase price reflects a yield of 5.7%.
Morgan Stanley spin-off, Proprium, made a 20-times multiple on its €65 mln equity investment in 2007 in Motel One.
