Morgan Stanley Real Estate Funds is said to be closing in on the purchase of a 拢180 mln (EUR 204 mln) portfolio of industrial properties from Prologis.
Morgan Stanley Real Estate Funds is said to be closing in on the purchase of a 拢180 mln (EUR 204 mln) portfolio of industrial properties from Prologis.
According to a report by Property Week, MSREF has already agreed a deal to buy the Teal portfolio of 10 properties.
If successful, it would be the first major investment in the UK market by MSREF since 2005, when it bought a 拢1 bn development portfolio from The Royal Bank of Scotland.
Prologis appointed CBRE and Dowley Turner Real Estate earlier this year to market the assets.
Prologis declined to comment on Thursday.
