BlackRock Buys PE Adviser To Double Real Estate Holdings

Law360, New York (May 21, 2013, 2:29 PM EDT) -- Global investment manager BlackRock Inc. will add $12 billion in new global real estate assets to its management portfolio, concentrated in Asia and Europe, with a new deal to buy private equity advisory firm MGPA Ltd., according to a Tuesday statement.

The deal will nearly double BlackRock's real estate holdings, bringing its tally of property assets under management to about $25 billion after it takes over the real estate investment advisory firm, according to a statement.

Financial details of the deal were not disclosed. Representatives for...
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