BlackRock purchases 27 RE investments from RREEF

BlackRock is to buy more than two dozen U.K. real estate investments that Bloomberg reports are worth over GPB 335m. The wire service quotes a Blackrock statement as saying that the deal “increases and further diversifies the fund’s client base by an additional 64 investors, giving them access to a longstanding U.K. real estate platform.” The purchase of the investments, which brings the value of BlackRock’s UK Property Fund to GBP 2.4bn, include retail, office and industrial funds.

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