UBS Real Estate has entered into an agreement to acquire the Grev Wedels plass 9 building in Oslo from Norwegian Property for NOK 738 mln (EUR 88.8 mln). The office asset is being contributed to the real estate fund UBS (D) Euroinvest Immobilien.
Morgan Stanley spin-off, Proprium, made a 20-times multiple on its €65 mln equity investment in 2007 in Motel One.
