NEW YORK CITY-According to reports late Wednesday evening, Morgan Stanley has agreed to acquire Investa Property Group for $3.9 billion. Investa is an Australian real estate firm that is traded on the Australian Stock Exchange.

Morgan Stanley’s A$3.08-per-share offer give stock holders a 14% premium over where Investa stock closed on Wednesday. The price is said to be the biggest overseas acquisition of a real estate company from Australia.

Investa has A$7 billion portfolio of assets under management throughout the country. That portfolio contains a A$4-billion office component.

Earlier in the month, Morgan Stanley made public a $6.5 billion takeover bid for Crescent Real Estate Equities Co. The Fort Worth-based REIT will trade for $22.80 per share. Also, Morgan Stanley acquired a 25% stake in Wan SA, a Polish real estate firm.

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