Teesland, the UK and European property fund and asset managemer, has launched the EUR 850 mln Nordic Aktiv fund to invest in the four Nordic countries - Denmark, Sweden, Finland and Norway. The fund will focus on acquiring high-yielding mixed commercial properties with a strong emphasis on multi-let buildings, Teesland said. The target income return to investors is 8%.
Morgan Stanley spin-off, Proprium, made a 20-times multiple on its €65 mln equity investment in 2007 in Motel One.
