Monday, July 9, 2007

UPDATE 1-Morgan Stanley to buy $1 bln Seoul office building

(Reuters) - SEOUL, July 9 - Morgan Stanley will buy a
Seoul office building from South Korea's Daewoo Engineering and
Construction Co. for $1 billion in the Wall Street
bank's latest big deal in the booming Asian property market.




Morgan Stanley has joined a slew of foreign investors buying
Asian property assets, which are yielding stable returns on the
back of tight supply in a region which has been chalking up
blistering economic growth.


Read more at Reuters.com Mergers News

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