Morgan Stanley in Talks to Invest in India Office Development
The global real estate fund of Morgan Stanley is in talks with the Wadhwa Group to invest 9 billion to 10 billion rupees ($168-$186 million) in an office development in India's financial capital of Mumbai, three sources familiar with the matter told Reuters. Morgan Stanley Real Estate Investing plans to invest in jointly developing 1.6 million square feet of office space in Bandra Kurla Complex, a financial district in Mumbai, said two of the sources on condition of anonymity as the deal is not yet final. Mumbai-based Wadhwa Group has already begun construction on the project, ONE BKC, which will consist of two office towers and is due to be completed by 2014.
8 February 2013•2 mins read
