VastNed, the Dutch-based office property investor, has taken its first step into the German market by acquiring an office building for EUR 34.6 mln in the prime Medienhafen business district of Dusseldorf. The property comprises 9,570 m[sup]2[/sup] of lettable area and has 52 underground parking place.
Morgan Stanley spin-off, Proprium, made a 20-times multiple on its €65 mln equity investment in 2007 in Motel One.
