Contact:

assist­ance in English

e-mail: maria@skalar.biz

skype: ­­ skalar_english

assistance in Polish

SKALAR
ul. Obwodowa 31A/F8
84-240 Reda
Poland
tel.: +48 058 740 54 10
fax: +48 058 740 54 11
tax number: PL 841-121-57-69
REGON: 771277167

The Frankfurt-based branch of Morgan Stanley's $96.3 billion global real estate management business said it had temporarily barred investor exits from its P2 Value Fund, after a flurry of "major, unanticipated withdrawals."

"The Fund has recently experienced significant redemptions, particularly in the past two days, due to the extraordinary market environment and the recent suspension of redemptions by other open-ended property funds," the Morgan Stanley unit said in a statement.

The P2 Value Fund has diversified investments in commercial and residential real estate in Asia, the U.S. and Europe, excluding Britain. Its property portfolio is around 95 percent let and has generated a 5 percent yield in the past 12 months.

Earlier this week, German property fund manager KanAm suspended redemptions in two of its biggest global and U.S. property funds, citing liquidity pressures stemming from a crisis in investor confidence. [nLS251167] [nWE4226].

Source: http://uk.reuters.com/