Morgan Stanley Buys High-End Retail Mall in Moscow

MOSCOW, February 23 (RIA Novosti) – A real estate fund managed by Morgan Stanley Real Estate Investing (MSREI) has acquired the Metropolis Shopping and Entertainment Mall in northwest Moscow, Morgan Stanley said. The US financial giant declined to disclose the terms of the deal but said in a statement on Friday that it was “the largest-ever transaction in the Russian commercial real estate market.” Real-estate experts in Moscow estimate the price tag on the luxurious 205,000 sqm shopping center developed by Capital Partners at about $1.2 billion. Metropolis opened in 2009 and houses over 25…

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