Proprium, the real estate private equity firm spun out of Morgan Stanley, has sold its 35% stake in Motel One to majority shareholder One Hotels & Resorts for a purchase price of €1.25 bn.
Proprium, the real estate private equity firm spun out of Morgan Stanley, has sold its 35% stake in Motel One to majority shareholder One Hotels & Resorts for a purchase price of €1.25 bn.
Legal & General Investment Management’s (LGIM’s) managed fund has acquired Tesco Yarrow Road Poole from clients of abrdn for £46.1 mln (€54 mln).