Morgan Stanley ties up with Mumbai realtor
Financial Express Mumbai|August 29, 2023
MORGAN STANLEY REAL Estate Investing (MSREI), a unit of Morgan Stanley, has partnered with Mumbai-based Prakhhyat Group, an Industrial and Logistics real estate firm to develop a 0.7 million square feet Class A warehousing project at K Square Logistics Park in Bhiwandi.
RAGHAVENDRA KAMATH
Morgan Stanley ties up with Mumbai realtor

Though MSREI did not reveal the investment figure, sources said it is investing ₹300 crore in Prakhhyat, which is developing the warehousing space.

This marks MSREI's entry in the Bhiwandi sub-market of Mumbai. With this, MSREI has now invested in over 5.6 million square feet of logistics assets across the country, it said.

Though MSREI has largely stayed away from office and residential properties in recent times, it has been active in warehousing space.

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