Morgan Stanley Real Estate Investment said on Tuesday that its EurAsia institutional property fund has raised more than EUR 250mln of equity in less than a year and expects to raise a further EUR 250mln during the third quarter of 2008. After reaching its first closing in the fourth quarter of 2006, the fund has raised EUR 250mln of equity from four institutional investors and its equity capital is forecast to reach a total EUR 500mln during the third quarter of the year. 'This paves the way for a future investment volume of EUR 1bn,' Morgan Stanley said in a statement.
Premium subscriber content – please log in to read more or take a free trial.
