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Morgan Stanley charts course to Hines' Asphalte portfolio

US firm soon expected to acquire the 160,000-square-meter site
The Sainghin-en-Mélantois warehouse is close to Lille, France. (CoStar)
The Sainghin-en-Mélantois warehouse is close to Lille, France. (CoStar)

Morgan Stanley, represented in the transaction by Fire Asset Management, has entered into exclusive negotiations to buy the Asphalte portfolio in France from Hines, according to our information.

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