International real estate investment manager Savills Investment Management has acquired a newly-constructed prime Grade A distribution warehouse in Greater Paris on behalf of its European logistics fund 2 (ELF 2). The vendor was global investment manager Barings, which forward funded the property for its value add strategy.
Morgan Stanley spin-off, Proprium, made a 20-times multiple on its €65 mln equity investment in 2007 in Motel One.
