Mor­gan Stan­ley Real Es­tate ac­quires Metropo­lis Mall in Rus­sia

The Pak Banker - - 6BUSINESS -

MOSCOW: A real es­tate fund man­aged by Mor­gan Stan­ley Real Es­tate In­vest­ing (MSREI) to­day an­nounced the ac­qui­si­tion of the Metropo­lis Shop­ping and En­ter­tain­ment Mall, a 205,000 sqm shop­ping cen­ter in Moscow, from Cap­i­tal Part­ners. The ac­qui­si­tion of the Metropo­lis shop­ping cen­tre is the largest-ever trans­ac­tion in the Rus­sian com­mer­cial real es­tate mar­ket. Terms of the trans­ac­tion were not dis­closed. Devel­oped by Cap­i­tal Part­ners, Metropo­lis opened in 2009 and pro­vides 82,000 sqm of fully en­closed re­tail ac­com­mo­da­tion and 2,900 park­ing spa­ces. It is widely rec­og­nized as Rus­sia’s pre­mier re­tail devel­op­ment with a fa­vor­able lo­ca­tion in the north-west of the city, along the Len­ingrad­skiy high­way.

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