London-listed property company CLS Holdings confirmed on Tuesday that it has completed the purchase of Apex Tower in New Malden, Greater London for £21.46 mln (EUR 24.7 mln) including costs. Apex Tower consists of 15 upper floors of 9,185-m[sup]2[/sup] of offices, four retail units and a bar at ground floor level totalling 1,265 m[sup]2[/sup] and a four-storey car park at the rear.
Morgan Stanley spin-off, Proprium, made a 20-times multiple on its €65 mln equity investment in 2007 in Motel One.
