Investment manager Curzon/IXIS AEW Europe has acquired a 20,500 m[sup]2[/sup] office building in Hamburg for its pan-European Euroffice fund. The financial details of this transaction have not been disclosed. The asset is located in the Neuer Huhnerposten area of the city of Hamburg near the main railway station. It was built and sold by the German property group Hamburgishe Immobilien Handlung (HIH).
Morgan Stanley spin-off, Proprium, made a 20-times multiple on its €65 mln equity investment in 2007 in Motel One.
