Swiss investor Peakside Capital Advisors has acquired a 5,400 m2 office in Frankfurt's Westend-Nord district for the recently closed Peakside Real Estate Fund IV (PREF IV) from Patrizia. The parties agreed not to disclose the purchase price.
Morgan Stanley spin-off, Proprium, made a 20-times multiple on its €65 mln equity investment in 2007 in Motel One.
