Morgan Stanley Funds Acquire UK Housing Business Metra Living for £1.045 Billion
Summary
Morgan Stanley Investment Management, through its real estate funds, and Ridgeback Group are acquiring Metra Living, a UK private rented sector housing business, for £1.045 billion. This deal adds approximately 3,200 rental homes in Greater London to MSREI's portfolio. The acquisition aligns with Morgan Stanley's strategy to invest in high-quality residential platforms in major urban markets with limited housing supply. This expands their real estate investment footprint, following recent news focusing on their crypto ETF initiatives and strong Q1 earnings.
At the time of this announcement, MS was trading at $221.38 on NYSE in the Finance sector, with a market capitalization of approximately $349.2B. The 52-week trading range was $129.66 to $222.30. This news item was assessed with neutral market sentiment and an importance score of 7 out of 10. Source: dpa-AFX.