(Bloomberg) -- Morgan Stanley, investing a record $8
billion fund in real estate outside the U.S., is in talks to buy
Daewoo Engineering & Construction Co.'s Seoul headquarters for
about $1 billion, two people with knowledge of the matter said.
Morgan Stanley won exclusive rights to negotiate the
purchase from Kumho-Asiana Group after the New York-based firm
outbid Kookmin Bank, Koramco Reits Management & Trust Co. and
Macquarie Bank Ltd., said the people, who asked to remain
anonymous because the talks are ongoing.
Read more at Bloomberg Emerging Markets News
billion fund in real estate outside the U.S., is in talks to buy
Daewoo Engineering & Construction Co.'s Seoul headquarters for
about $1 billion, two people with knowledge of the matter said.
Morgan Stanley won exclusive rights to negotiate the
purchase from Kumho-Asiana Group after the New York-based firm
outbid Kookmin Bank, Koramco Reits Management & Trust Co. and
Macquarie Bank Ltd., said the people, who asked to remain
anonymous because the talks are ongoing.
Read more at Bloomberg Emerging Markets News
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