New York-based investor Madison International Realty has completed the sale of the Statoil office complex in Oslo to a club of local investors, established by Norwegian investment bank, Arctic Securities, for NOK 3.9 bn (€420 mln), representing a 5.4% cap rate.
Morgan Stanley spin-off, Proprium, made a 20-times multiple on its €65 mln equity investment in 2007 in Motel One.
