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.
German-listed real estate company Branicks Group has sold a retail property in Bremen city centre to municipal urban developer Brestadt for €37.2 mln.
