Kungsleden, the listed Swedish property company, has agreed the sale of eight properties in Brussels to a joint venture between JER Partners Catalyst Capital for a total of EUR 90.5 mln. The transaction is expected to close in January 2007, conditional on the buyers financing of the deal.
Morgan Stanley spin-off, Proprium, made a 20-times multiple on its €65 mln equity investment in 2007 in Motel One.
