UK REIT LondonMetric Property has acquired two M&S stores in Newport, Isle of Wight and Kendal, Lancashire for £24.6 mln (€28 mln), reflecting a net initial yield of 5.45%.
UK REIT LondonMetric Property has acquired two M&S stores in Newport, Isle of Wight and Kendal, Lancashire for £24.6 mln (€28 mln), reflecting a net initial yield of 5.45%.
Morgan Stanley spin-off, Proprium, made a 20-times multiple on its €65 mln equity investment in 2007 in Motel One.