Powered by

BlackRock exits UK land developer for £120m

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

Sign up for unrestricted access to 200+ subscription services.
Already have an account? Click here to login.

RelSci News & Alerts gets you:

  • 5 free articles a month from top subscription outlets like the Financial Times, New York Times, and Washington Post
  • Competitive business intelligence through daily data updates
  • Custom feeds on target high-value individuals, companies, industries, and topics delivered straight to your inbox