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BlackRock to Manage Project Outside Beijing – Mingtiandi

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


BlackRock has slashed its monthly fees by 90% for Chinese investors in its two retail funds, due to weak investor interest.
The move applies to the BlackRock China New Horizon Mixed Securities Investment Fund and BlackRock Hong Kong Stock Connect Long Horizon Mixed Securities Investment Fund. File photo: Reuters.

 

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

 

 

READ MORE:

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BlackRock Unit Gets China Nod to Join Pension Trial – Caixin

New Actis Asia Property Fund Heads Towards $1bn – Mingtiandi

 

 

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George Russell

George Russell is a freelance writer and editor based in Hong Kong who has lived in Asia since 1996. His work has been published in the Financial Times, The Wall Street Journal, Bloomberg, New York Post, Variety, Forbes and the South China Morning Post.

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