BlackRock Real Estate has sold UK land development company Lands Improvement to UK property company Telereal Trillium for £120 million ((EURO)164 million; $185 million).
The company was acquired by global asset management giant BlackRock back in December 2009 for the firm's 2007-vintage BlackRock Europe Property Fund III.
"Lands Improvement has undergone significant change in the last six years and has a strong track record in sourcing and executing land transactions. We have reali
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