London-based European real estate investment manager Valesco has joined forces with Seoul-headquartered AIP Asset Management to acquire Microsoft’s UK HQ campus in Reading, UK, for £100 mln (€112 mln) from special servicer Solutus and FI Real Estate Management.
Morgan Stanley spin-off, Proprium, made a 20-times multiple on its €65 mln equity investment in 2007 in Motel One.
