French REIT Icade has agreed to sell its headquarter building in Issy-les-Moulineaux, near Paris, to an unnamed French institutional investor for €98.8 mln, excluding duties.
French REIT Icade has agreed to sell its headquarter building in Issy-les-Moulineaux, near Paris, to an unnamed French institutional investor for €98.8 mln, excluding duties.
Morgan Stanley spin-off, Proprium, made a 20-times multiple on its €65 mln equity investment in 2007 in Motel One.