German fund manager Union Investment has sold the seven-storey Le Parissy office block in Issy-les-Moulineaux in the Paris area to French REIT Icade.
German fund manager Union Investment has sold the seven-storey Le Parissy office block in Issy-les-Moulineaux in the Paris area to French REIT Icade.
Morgan Stanley spin-off, Proprium, made a 20-times multiple on its €65 mln equity investment in 2007 in Motel One.