Real estate investment manager AEW Europe has announced the sale of the Omega 7 office building located at Kremlin-Bicêtre, in the southern suburbs of Paris, to insurance group La Mutuelle Générale. The transaction was brokered by AEW on behalf of the owner, French bank Caisse des Dépôts. The financial details were not disclosed.
Morgan Stanley spin-off, Proprium, made a 20-times multiple on its €65 mln equity investment in 2007 in Motel One.
