MSCI Closes IPD Real Estate Data Buy


Index and risk management software vendor MSCI has closed its acquisition of IPD (Investment Property Databank) Group -- a UK-based provider of performance analysis, indexes, research and market information covering the real estate markets -- in a move intended to broaden MSCI's asset class coverage.

MSCI announced the $125 million deal in October, to allow it to integrate private real estate assets into its models and add real estate benchmarks to its lineup of indexes.

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