Morgan Stanley sells stake in Russian retail center

07/24/2013 | Moscow Times, The

A U.S. joint venture consisting of Hines and California Public Employees' Retirement System has acquired a 50% stake in Moscow's Metropolis retail center. The deal values the property at more than $600 million. Morgan Stanley is the seller, having acquired the entire property for $1.2 billion.

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Moscow Times, The

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