Morgan Stanley Real Estate set to sell China asset
Morgan Stanley Real Estate Asia (MSREA) is said to be in final talks to sell a Shanghai apartment complex to Alpha Investment Partners, a unit of Singapore-based developer Keppel Land, in a deal estimated at around $130 million.
The asset MSREA plans to sell is the Jinlin Tiandi complex in downtown Shanghai, acquired about five years ago. The asset has a total floor space of around 19,000 square metres, including a 1,300 square...
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