Investors including Icawood, an investment fund launched by Icamap and Ivanhoé Cambridge specialising in low-carbon-emission office developments, and BNP Paribas Real Estate have committed a total of €650 mln to acquire and develop Arboretum, the first office campus in the Paris region to be constructed primarily from wood and also the largest solid-wood office development in Europe.
Morgan Stanley spin-off, Proprium, made a 20-times multiple on its €65 mln equity investment in 2007 in Motel One.
