Morgan Stanley Private Equity Asia acquires majority stake in APAC Realty

Morgan Stanley Private Equity Asia acquires majority stake in APAC Realty

FILE PHOTO: A file photo showing the logo of Morgan Stanley is seen in New York January 9, 2013. REUTERS/Shannon Stapleton

Morgan Stanley Private Equity Asia (MSPEA) has acquired a 59.8% stake in SGX-listed APAC Realty Limited for S$129.5 million ($ 94.4 million), per an announcement.