Hamburg-based property investor LB Immo has acquired an office building in in Budaörs, Hungary, for an undisclosed amount. Cushman & Wakefield advised the company on this off-market acquisition. The vendor is hmh Holding, an international developer.
Morgan Stanley spin-off, Proprium, made a 20-times multiple on its €65 mln equity investment in 2007 in Motel One.
