Morgan Stanley buys Hang Seng Building

Morgan StanleyÆs newest opportunistic/value added real estate fund, MSREF V International, has signed contracts to buy Hang Seng BankÆs Hong Kong headquarters building, a 23-floor office building located at 77 Des Voeux Road in Central for $290 million.The $4.2 billion fund has again joined forces with local partners Pamfleet, with whom it worked in the Vicwood Plaza deal in Central/Sheung Wan. It sold that building for an estimated $300 million to Macquarie, nearly tripling its $108 …