German real estate mogul Dieter Becken has bought back the Berliner Bogen office complex four years after selling the asset to Morgan Stanley Real Estate Funds (MSREF), well-informed market souces have confirmed to PropertyEU. The businessman, which sold the property to Morgan Stanley's real estate fund management arm in January 2007, is close to clinching the acquisition of the asset in central Hamburg for just over EUR 100 mln.
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