KGAL Investment Management has acquired two mixed-use office buildings – Stéphanie Plaza and Stéphanie Square (known locally as The Princesses or The Stéphanie’s) – in a prime location in Brussels, on behalf of a pan-European fund. Financial details were not disclosed.
Morgan Stanley spin-off, Proprium, made a 20-times multiple on its €65 mln equity investment in 2007 in Motel One.
