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Morgan Stanley Real Estate Funds completes sale of Songbird Estates by Brookfield and Qatar Investment Authority

February 2015

Client(s) Morgan Stanley Real Estate Funds

Jones Day advised Morgan Stanley Real Estate Funds in connection with the successful £2.59 billion (US$4 billion) offer by Brookfield Property Partners L.P. and the Qatar Investment Authority (QIA) for Songbird Estates PLC, the majority shareholder in the Canary Wharf Group plc, which indirectly owns the Canary Wharf Estate in East London. Jones Day advised Morgan Stanley Real Estate Funds in their capacity as one of the major shareholders in Songbird Estates PLC. The offer was declared wholly unconditional on February 5, 2015 as to acceptances, with over 94 percent of the shareholders of Songbird Estates PLC, including QIA, accepting the offer at 350 pence per share.

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