The consortium including CBA and Link Administration buy a 55.4% stake. : Morgan Stanley Infrastructure has made its first investment in Australia, as part of a consortium acquiring control in a AUD1.6bn (€1bn) online property exchange network. Property Exchange of Australia (PEXA) accepted an offer from the consortium - which includes two existing shareholders, the Commonwealth Bank of Australia (CBA) and Link Administration - to buy a 55.4% interest in the entity. Morgan Stanley Infrastructure made the investment on behalf of its $5.8bn North Haven Infrastructure Partners II (NHIP II) fund.