German closed-end fund manager Fondshaus Hamburg (FHH) said that it is launching the FHH Immobilien 8 fund to acquire an office building in Bonn from project developer Lang & Cie. The fund has an investment volume of EUR 27 mln and will target an annual return of 5.5%.
Morgan Stanley spin-off, Proprium, made a 20-times multiple on its €65 mln equity investment in 2007 in Motel One.
