BlackRock sees new opportunity in China real estate
Fund to target mass-affluent shopping malls and grade "A" and "B" offices in first-tier and selective second-tier cities
Hong Kong
BLACKROCK Inc is ready to increase its China real estate portfolio exposure as it sees good entry points following the weakness in the nation's economy and credit environment, a senior executive of the US money manager said on Monday.
John Saunders, head of Asia-Pacific real estate at BlackRock, told Reuters the fund would target mass-affluent shopping malls and grade "A" and "B" offices in China's first-tier and selective second-tier cities for investments.
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