Joined Nov 11, 2007
31,929 Blog Posts

$BLK Gobbles Up MGPA to Expand Real Estate Holding in Asia

BlackRock Inc. (BLK), the world’s largest asset manager, agreed to buy private-equity property investment advisory firm MGPA for an undisclosed amount to expand real-estate business in the Asia-Pacific region and Europe.

MGPA manages about $12 billion, focusing on real estate funds management, co-investments and separate-account mandates for institutional investors, BlackRock said today in a statement. The transaction is expected to close in the third quarter and won’t materially affect BlackRock’searnings per share, the New York-based firm said….”

Full article

If you enjoy the content at iBankCoin, please follow us on Twitter