Listed Swedish property company Kungsleden said on Thursday that it is signing a letter of intent with the City of Vasteras for the acquisition of 13 public properties. The acquisition price of these properties is SEK 1.05 bn (EUR 106 mln), including transaction costs. The total rental value is SEK 87 mln.
Morgan Stanley spin-off, Proprium, made a 20-times multiple on its €65 mln equity investment in 2007 in Motel One.
