Morgan Stanley has warned investors that its $8.8 bn (EUR 6.5 bn) MSREF VI fund could lose as much as $5.4 bn (EUR 4 bn) after being forced to take writedowns or hand back the keys on a range of investments around the globe including Europe. The news, which was broken today by the Wall Street Journal, is based on fund documents reviewed by the paper.
Private real estate holding Global Holdings Group has acquired mixed-use asset 10 Great Pulteney Street from fashion retailer Boohoo.
