Global investment management firm Barings has acquired an office refurbishment opportunity in a prime location at 163 rue Saint-Maur in Paris’ 11th arrondissement, France, from Groupe Financière JL, represented by its family office Family Partners. Financial details were not disclosed.
Morgan Stanley spin-off, Proprium, made a 20-times multiple on its €65 mln equity investment in 2007 in Motel One.
