Developer YardNine and Invesco Real Estate have bought an office scheme at 40 and 50 Eastbourne Terrace in London’s Paddington for £110 mln (€124 mln) from Hermes Investment Management and Canada Pension Plan Investment Board.
Morgan Stanley spin-off, Proprium, made a 20-times multiple on its €65 mln equity investment in 2007 in Motel One.
