VGP, the Dutch logistics and industrial property company, is selling 11 assets in Spain, the Netherlands and Italy to VGP European Logistics 2, a pre-existing JV with PIMCO Prime Real Estate, which is investing on behalf of several Allianz group companies.
Morgan Stanley spin-off, Proprium, made a 20-times multiple on its €65 mln equity investment in 2007 in Motel One.
