Real estate investment manager Tokoro Capital has closed a 60% Loan-to-Cost senior investment loan from German lender pbb Deutsche Pfandbriefbank, secured against its recently refurbished 86 Rue De Courcelles Grade-A office building in the 8th arrondissement of Paris.
Morgan Stanley spin-off, Proprium, made a 20-times multiple on its €65 mln equity investment in 2007 in Motel One.
