27 March 2006 – Macquarie Global Property Advisors (MGPA), a private equity real estate fund advisory company, has completed a transaction with Morgan Stanley that involves the acquisition of Vicwood Plaza.

Vicwood Plaza is a 34 storey building with four levels of retail space and a 30 floor office tower.  The tower is located in Central, Hong Kong.

The transaction has been completed on behalf of MGPA’s Asia Fund II which, along with MGP Europe Fund II, closed in September with combined equity commitments of US$1.3 billion.

MGPA, Managing Director, Simon Treacy says, “This is an exciting acquisition for the Fund with the long term growth opportunities in the Hong Kong property market being a driving force behind our decision to acquire this property.”

“We continue to see excellent opportunities in Hong Kong and we look forward to making further investments in due course.”