- Pierre & Vacances and Morgan Stanley Real Estate Investing have signed partnership agreement for property and tourism development in Spain
- Morgan Stanley Real Estate Investing is to acquire existing tourism property in Spain
- Morgan Stanley Real Estate Investing fund plans to acquire between 3,000 and 8,000 apartments and homes in Spain
- Pierre & Vacances to search for and select property assets
- Pierre & Vacances to undertake delegated prime construction for renovation, extension or construction of property assets, property marketing to individuals in spain and europe
- Pierre & Vacances to undertake tourism management of assets acquired and resold
Bron: Reuters
