MSREF sells stake in French IBM portfolio at 20% discount

By A staff reporter 2010-05-14T00:00:00

Morgan Stanley Real Estate Fund (MSREF) has sold its 75% interest in a 115,000 m[sup]2[/sup] office portfolio in France at a discount of around 20% to market value. The transaction will see MSREF's 25% joint venture partner, Fonciere des Regions (FdR) take full control of the properties, which are worth ...

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