International real estate investment manager Savills Investment Management has announced that its Charities Property Fund (CPF) has acquired a landmark office property in Brighton from Aviva Investors for £11.2 mln (€13.2 mln), reflecting a net initial yield of 6.11%.
Morgan Stanley spin-off, Proprium, made a 20-times multiple on its €65 mln equity investment in 2007 in Motel One.
