French-listed SIIC Zublin Immobiliere France has acquired an office complex in Lyon for EUR 53 mln. The property provides some 15,500 m[sup]2[/sup] of space with 420 parking places and has an initial net rental yield of 6%.
French-listed SIIC Zublin Immobiliere France has acquired an office complex in Lyon for EUR 53 mln. The property provides some 15,500 m[sup]2[/sup] of space with 420 parking places and has an initial net rental yield of 6%.
Morgan Stanley spin-off, Proprium, made a 20-times multiple on its €65 mln equity investment in 2007 in Motel One.