BlackRock Buys Real Estate Firm
MGPA based in Asia-Pacific and Europe
BY Staff | May 22, 2013
Financial terms of the deal were not disclosed.
“Today’s agreement advances BlackRock’s growth strategy in Asia-Pacific and Europe, where we are seeking to enhance our local offerings and build on the firm’s real estate experience,” said Jack Chandler, global head of real estate for BlackRock.
MGPA is focused on real estate funds management, co-investments and separate account mandates for institutional investors.
The transaction is expected to close in the third quarter of 2013, subject to customary regulatory approvals and closing conditions.