Morgan Stanley Buys U.K. Real Estate Loans From Ireland’s NAMA
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Morgan Stanley bought a portfolio of loans backed by properties and development projects in London and Manchester, England, from Ireland’s National Asset Management Agency for an undisclosed sum.
“We’re pleased to be at the forefront in acquiring loan portfolios from NAMA and we look forward to generating value for our investors,” Brian Niles, European head of Morgan Stanley Real Estate Investing, said in an e-mailed statement.