Legal & General Investment Management has launched the investment sale of Chineham shopping park in Basingstoke, UK, through BNP Paribas Real Estate with a guide price of £57.4 mln (€65 mln), reflecting a net initial yield of 6%.
Morgan Stanley spin-off, Proprium, made a 20-times multiple on its €65 mln equity investment in 2007 in Motel One.
