Spanish real estate company Monteverde has acquired an office building in London for about EUR 100 mln. The building at 6 Bevis Marks in central London is home to the world's ninth largest insurance broker Alexander Forbes, Spanish newspaper Cinco Dias reported. Developed in 1983 and refurbished in 1990, the six-storey property provides some 10,000 m[sup]2[/sup] of office space.
Morgan Stanley spin-off, Proprium, made a 20-times multiple on its €65 mln equity investment in 2007 in Motel One.
