JLL Jones Lang LaSalle Inc

A Morgan Stanley (MS) real estate fund has agreed to buy the Galeria shopping mall in St. Petersburg for about $1.1 billion, in a transaction to be completed later this month, Bloomberg News reported Tuesday, citing two unnamed sources.

Morgan Stanley Real Estate Fund VII will acquire the mall, the largest in St. Petersburg, from Meridian Capital CIS, a buyout firm backed by Kazakh investors, Bloomberg reported.

A spokesman for Morgan Stanley declined comment, as did a spokeswoman for Jones Lang LaSalle Inc. (JLL), Meridian Capital's broker. Meridian didn't return a call for comment, Bloomberg reported.

Full story: http://www.bloomberg.com/news/2012-01-16/morgan-stanley-fund-said-to-buy-st-petersburg-mall-for-1-1-billion.html.