British property manager Prupim has acquired a landmark office building in the central Dutch town of Amersfoort for EUR 47.5 mln on behalf of the M&G European Property Fund. The complex, which houses the headquarters of supermarket supplier Schuitema, was bought from Mondia Investments and represents Prupim's second deal in the Dutch property market to date. The yield on the transaction was 6.25%.
Morgan Stanley spin-off, Proprium, made a 20-times multiple on its €65 mln equity investment in 2007 in Motel One.
