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AUSTRALIA-PROPERTY/CHINA
RTX1M27X
July 28, 2015
A building (C) owned by Morgan Stanley's Australian real estate unit Investa Property Group can be seen...
Sydney, Australia
A building owned by Morgan Stanley's Australian real estate unit Investa Property Group can be seen in...
A building (C) owned by Morgan Stanley's Australian real estate unit Investa Property Group can be seen in central Sydney, Australia, July 28, 2015. Morgan Stanley said on Monday it has agreed a deal to sell its Australian real estate unit Investa Property Group to China Investment Corp, a sovereign wealth fund. The $200 billion CIC made its biggest Australian investment just as Sydney's commercial property market braces for a glut of new office space, despite little apparent appetite from tenants to expand their footprints in the country's main business hub. REUTERS/David Gray
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