BlackRock said it would manage a 190,000 square metre (2 million square foot) development project in Hebei province outside Beijing as the investment fund expands its exposure to China’s logistics and real estate sectors, Mingtiandi reported.
The US-based asset manager’s share of the equity in the venture with Chaintouch China comes from its BlackRock Asia Property Fund V vehicle, which closed with $1.2 billion in cash, the property website reported.
Read the full report: Mingtiandi
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