A partnership of private investor Herrmann Brothers and Grumbach Immobilier has acquired the Forlen Park business centre in Strasboug, Eastern France. The vendor is French fund manager Acofi, on behalf of its Immobilière Régions III investment fund.
Morgan Stanley spin-off, Proprium, made a 20-times multiple on its €65 mln equity investment in 2007 in Motel One.
