North Real Estate Opportunities Fund has announced the acquisition of a retail park in Romania for EUR 83 mln. The deal involving the 50,000 m[sup]2[/sup] European Retail Park Sibiu in Transylvania is thought to be one of the largest real estate deals in Romania to date, Freeman European News reported. The project is expected to generate a rental yield in access of 8%.
Morgan Stanley spin-off, Proprium, made a 20-times multiple on its €65 mln equity investment in 2007 in Motel One.
