Morgan Stanley said on Tuesday it is liquidating its P2 Value open-ended fund as it does not expect sustained high returns upon its reopening on 1 November. The fund's 34 properties will be sold over a period of three years and the proceeds paid out to investors. In the meantime the fund plans to pay out dividends 'at least' every six months, depending on the available liquidity.
Westland Shopping Centre in the Brussels neighbourhood of Anderlecht may be up for sale, according to Belgian media reports.
