French private equity investor Ardian has announced the sale of an office building at Spichernstrasse 2 in the City West district of Berlin to the Stable Income Europe Real Estate Fund – Macquarie II, jointly advised by Macquarie Asset Management and Mapfre, for an undisclosed amount.
Morgan Stanley spin-off, Proprium, made a 20-times multiple on its €65 mln equity investment in 2007 in Motel One.
