US bank Morgan Stanley froze its EUR 1.7 bn German open-ended property fund, P2 Value, for subscriptions on Monday, according to a report by news wire Reuters. The company said that the value of properties held by the fund may need to be cut considerably.
Swiss real estate group Investis has boosted its real estate holdings with the CHF 139 mln (€149 mln) purchase of prime residential properties in Vaud canton.
