A joint venture between real estate funds managed by Ares Management Corporation and EDF Invest has acquired a 58,500 m2 office building in Düsseldorf from owner-occupier IKB Deutsche Industriebank.
A joint venture between real estate funds managed by Ares Management Corporation and EDF Invest has acquired a 58,500 m2 office building in Düsseldorf from owner-occupier IKB Deutsche Industriebank.
Morgan Stanley spin-off, Proprium, made a 20-times multiple on its €65 mln equity investment in 2007 in Motel One.