Brazil Property News: Morgan Stanley to boost property investment in Brazil




6th September 2007 01:33


Investment bank Morgan Stanley is looking to expand its investments in Brazilian property, reports Reuters.

Guillermo Jasson, Morgan Stanley head of Latin America, told the news agency that the bank has plans to increase its investment banking, research and trading activities in the nation along with its own real estate investments.

He said: "We are very bullish for the years to come and from that perspective, we are investing in Brazil not for the next year or two, but for the next five or ten years."

In April Morgan Stanley bought a 14.4 per cent stake in a residential real estate broker and developer for 148 million reais (£37 million).

Mr Jasson told Reuters: "As interest rates come down in Brazil it's going to be more and more the case that investors will be looking to get upside and adequate returns on their money by taking more risk.

"We're looking at making investments in developers or specific projects and buildings."


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