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
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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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