Morgan Stanley has the largest losses in real estate sector in the economy of the economy

One of the leading American banks Morgan Stanley announced large losses - at the level of $ 5.4 billion incorporated by his investment fund in business real estate (MSREF).

These are the largest losses in this sector in modern world economic history, ITAR-TASS reports citing the American newspaper Wall Street Journal Europe .

Over the past 20 years, Morgan Stanley has been the largest real estate buyer around the world, when its total investments in this sector reached an amount of $ 174 billion. However, now, as a result of collapse of prices for business real estate, MSREF has recorded unprecedented losses.

Among the objects on which losses are recorded, and the building of the headquarters of the European Central Bank in Frankfurt.