Leader Real Estate has announced it has signed a contract for the of properties in Germany for EUR 133 mln. The subsidiary of Israeli's Leader Holdings and Investments said the transaction was carried out in cooperation with its partners but it gave no details of the buildings, except to say they had been bought during the year for EUR 110 mln.
Morgan Stanley spin-off, Proprium, made a 20-times multiple on its €65 mln equity investment in 2007 in Motel One.
