UK REIT British Land has announced plans to invest £196 mln (€220 mln) in the redevelopment of an office building at Regent's Place in London's West End after having finalised terms on a pre-let of the office space to media and digital communications specialist Dentsu Aegis Network.
Morgan Stanley spin-off, Proprium, made a 20-times multiple on its €65 mln equity investment in 2007 in Motel One.
