Morgan Stanley is launching a $8 bn (EUR 6.29 bn) international opportunity fund for real estate investments in several markets outside the US, including Japan, Germany, China and India. Jay Mantz, co-head of Morgan Stanley Real Estate, told an investor presentation that the fund will go after riskier investments rather than traditional real estate funds, Bloomberg News reported.
Portuguese real estate investor and developer Bondstone is investing around €70 mln in a residential development in Belas Clube de Campo, municipality of Sintra, Portugal.
