Japan’s Sapporo to cooperate with Morgan Stanley on real estate business
Posted by Elaine on October 30, 2007(Adds tie-up details on Yebisu Garden Place.) TOKYO (MarketWatch) — Sapporo Holdings Ltd. (2501.TO) said Tuesday it has agreed with Morgan Stanley to cooperate in the real estate business, giving the U.S. investment bank an interest in a posh district in central Tokyo. Through their tie-up, a special purpose company to be launched by a Morgan Stanley real estate fund will buy a 15% interest in …