UK REIT Landsec has agreed to sell 32-50 Strand in London for £195 mln (€228 mln), representing a net initial yield of 4.2% to Sinarmas Land Limited, a real estate company listed on the Singapore Exchange and headquartered in Singapore.
Morgan Stanley spin-off, Proprium, made a 20-times multiple on its €65 mln equity investment in 2007 in Motel One.
