Warehouse REIT, which raised gross proceeds of £150 mln (€170 mln) at its Initial Public Offering last week,has exchanged contracts with Hansteen Holdings to acquire four multi-let industrial estates in England for a total of £26 mln plus costs.
Morgan Stanley spin-off, Proprium, made a 20-times multiple on its €65 mln equity investment in 2007 in Motel One.
