Who are the parties involved in the deal?

The buyer is Morgan Stanley Investment Management with Ridgeback Group, and the seller is London & Quadrant Housing Trust.

What type of assets were acquired?

The assets are a portfolio of private rented sector (PRS) residential properties in the UK.

Did the announcement affect Morgan Stanley's stock?

The stock showed little reaction to the news.

When is the deal expected to close?

The closing date has not been disclosed yet.

Morgan Stanley Acquires UK Rental Portfolio Metra Living for £1.045B

Morgan Stanley Investment Management and Ridgeback Group have agreed to acquire Metra Living, the private rented sector (PRS) business of London & Quadrant Housing Trust, for £1.045 billion. The deal expands the bank's presence in the UK residential rental market.

June 18, 2026

2 min read

Source: Simply Wall St.

Key Numbers

deal value

£1.045B

Morgan Stanley (NYSE:MS) announced the acquisition of Metra Living, a UK private rented sector (PRS) company, for £1.045 billion in partnership with Ridgeback Group. The deal comes amid housing supply constraints in key urban areas.

Deal Details

Item	Detail
Value	£1.045 billion
Buyer	Morgan Stanley Investment Management + Ridgeback Group
Seller	London & Quadrant Housing Trust
Assets	Residential rental portfolio (PRS)
Expected Close	Not yet disclosed

Rationale

Morgan Stanley aims to diversify into UK residential rental assets, capitalizing on strong demand in major cities. The acquisition aligns with the bank's strategy to expand alternative investments.

Regulatory Challenges

The deal is expected to undergo review by the UK Competition and Markets Authority (CMA), but no major objections are anticipated given the residential nature of the assets.

Impact on Stock

Morgan Stanley's stock showed little reaction to the news, as investors focus on the broader strategy of expanding into private markets.

Frequently Asked Questions

The deal is valued at £1.045 billion.

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This article was rewritten in Wrqti's editorial style based on information from the original source above. Content is informational only — not investment advice.