Klemurs has announced the successful placing of 6.8% of its shares, including the over allotment option, at a price of EUR 20 per share during a fixed-price offering on December 6. Demand was 9.4 times above the size of the offering, Klemurs, a subsidiary of French real estate group Klepierre, said in a statement.
Morgan Stanley spin-off, Proprium, made a 20-times multiple on its €65 mln equity investment in 2007 in Motel One.
