LaSalle Investment Management and Morley Fund Management have purchased a mixed-use portfolio of five properties in Paris, Madrid, Stockholm and Germany for EUR 325 mln. The transaction value reflects a net initial yield of 5.8%.
LaSalle Investment Management and Morley Fund Management have purchased a mixed-use portfolio of five properties in Paris, Madrid, Stockholm and Germany for EUR 325 mln. The transaction value reflects a net initial yield of 5.8%.
Morgan Stanley spin-off, Proprium, made a 20-times multiple on its €65 mln equity investment in 2007 in Motel One.