Contact Us
News

Morgan Stanley Looks To Jettison Roughly $150M Stake In London’s Walkie Talkie Building

Want to get a jump-start on upcoming deals? Meet the major players at one of our upcoming national events!

London Walkie Talkie
Walkie Talkie Building in London

Morgan Stanley’s real estate arm is looking to sell its 12% stake in London’s Walkie Talkie skyscraper, worth nearly $150M.

People familiar with the matter said China Investment Corp., which also owns a share in the tower, is considering taking over Morgan Stanley's interest. The world's second-largest sovereign wealth fund has six weeks to reach an agreement with Morgan Stanley before the sale is offered to other buyers, Bloomberg reports. The building’s other co-owners, Canary Wharf Group, Brookfield Property Partners and the Qatar Investment Authority, are also considering grabbing the share before it goes public.

Morgan Stanley’s desire to sell in Britain’s post-Brexit market comes as investors are backing away from the market — investment in London office buildings fell 29% last year to its lowest level in five years.