Stam Europe has bought the Mosaique 5 real estate portfolio for € 64 mln from SCPIs (French UCITs) managed by UFG REM. The portfolio comprises a total of 55,000 m[sup]2[/sup] of office, light industrial and warehouse space located in the Paris region and other major French cities.
Morgan Stanley spin-off, Proprium, made a 20-times multiple on its €65 mln equity investment in 2007 in Motel One.
