European commercial property advisor Atisreal has acquired 100% of Fuller Peiser, a commercial real estate services rival in the UK. The price was not disclosed, but Property Week suggested Atisreal, a subsidiary of BNP Paribas real Estate, paid approximately £15 mln (#E22.3 mln).
Morgan Stanley spin-off, Proprium, made a 20-times multiple on its €65 mln equity investment in 2007 in Motel One.
