Credit Suisse Asset Management has announced that its open-ended CS Euroreal fund has divested an office building located at Via Pergolesi 25 in central Milan, Northern Italy, to Italian REIT Beni Stabili. The property, which was worth EUR 22 mln according to the latest appraisal, was disposed for EUR 25 mln.
Morgan Stanley spin-off, Proprium, made a 20-times multiple on its €65 mln equity investment in 2007 in Motel One.
