London's mayor Ken Livingstone and culture secretary Tessa Jowell have agreed to sell up to £2 bn (almost EUR 3 bn) of land around the Olympic Park in east London after the 2012 Olympic games in a move aimed at repaying the increasing costs of the event, newspaper Financial Times reported. The paper added that the costs of the games last week reached £9.3bn.
Morgan Stanley spin-off, Proprium, made a 20-times multiple on its €65 mln equity investment in 2007 in Motel One.
