Morgan Stanley has agreed to buy Investa Property Group, Australia’s largest publicly traded office building manager, for A$4.7bn ($3.9bn), in the biggest overseas acquisition of an Australian real estate investment trust, reports Bloomberg. Morgan Stanley has now announced $12.5bn of real estate acquisitions in the past two weeks, including debt. Also on Wednesday, reports the FT, Morgan Stanley’s real estate unit acquired a 3 per cent stake, worth about $1.4bn, in Mitsubishi Estate, Japan’s second-largest real estate group and an owner of prime assets in Tokyo’s Marunouchi business district.
