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 nearly EUR 60 mln.
Ares, Coima and MEAG are three investors which have closed multiple acquisitions in the last few weeks.
