Sweden's Fabege has acquired a fully occupied office-educational property from peer Akademiska Hus for EUR 41.6 mln. The Mimer 5 complex, located in the capital city of Stockholm, has a gross lettable area of 12,100 m[sup]2[/sup] and is 'in good condition after a thorough renovation a few years ago', Fabege indicated in a press release issued on Wednesday.
Morgan Stanley spin-off, Proprium, made a 20-times multiple on its €65 mln equity investment in 2007 in Motel One.
