Acting on behalf of its Luxembourg-based client Industrial Securities Europe (ISE), Berlin-based Priam Asset Management has made three German logistics acquisitions. The company has spent some EUR 30 mln on plots in Neunkirchen, Melle and Burglengfeld. The total area of the parcels is 105,000 m[sup]2[/sup].
Morgan Stanley spin-off, Proprium, made a 20-times multiple on its €65 mln equity investment in 2007 in Motel One.
