Société de la Tour Eiffel (STE) has completed the refinancing of its La Poste portfolio comprising 12 properties valued at EUR 85 mln. In a statement on Monday, the French SIIC said that it was granted a new EUR 45 mln seven-year credit facility by Société Générale (CIG) and BECM (Crédit Mutuel).
Morgan Stanley spin-off, Proprium, made a 20-times multiple on its €65 mln equity investment in 2007 in Motel One.
