Immoeast, the Austrian property group, has announced its second significant acquisition this week, with the purchase of a office-retail property in Croatia for a total investment volume of EUR 40 mln. The property has a gross lettable area of 21,400 m[sup]2[/sup] and was bought together with Generali.
Morgan Stanley spin-off, Proprium, made a 20-times multiple on its €65 mln equity investment in 2007 in Motel One.
