Private equity company Quinlan Private has purchased the Dublin headquarters of Irish telecoms group Eircom for more than EUR 190 mln in one of the largest sale and leaseback deals in the Irish capital this year. Eircom has agreed a 25-year lease at a annual rent of EUR 8 mln, and Quinlan Private said the sale price reflected an initial yield of over 4%.
Morgan Stanley spin-off, Proprium, made a 20-times multiple on its €65 mln equity investment in 2007 in Motel One.
