German property investment company APO Immobilien-Kapitalanlagegesellschaft (AIK) has entered the Belgium market through the purchase of the leasehold rights of an office building in Brussels from Belgian group Cofinimmo. The property is situated next to the Centre Culturel d'Auderghem in Souverain Plaza. The financial details of the transaction have not been disclosed.
Morgan Stanley spin-off, Proprium, made a 20-times multiple on its €65 mln equity investment in 2007 in Motel One.
