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BlackRock unfreezes 3.1 billion pound UK property fund

Published 09/30/2020, 10:26 AM
Updated 09/30/2020, 10:30 AM
© Reuters. FILE PHOTO: A sign for BlackRock Inc hangs above their building in New York
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LONDON (Reuters) - BlackRock (NYSE:BLK) has lifted the suspension of its 3.1 billion pound ($3.99 billion) UK property fund, a spokesperson told Reuters on Wednesday.

Dealing in the fund, which was suspended in March together with a slew of other real estate funds judged to have unstable asset values in the wake of the pandemic, will start again on Oct 30, the spokesperson said in an emailed statement.

© Reuters. FILE PHOTO: A sign for BlackRock Inc hangs above their building in New York

($1 = 0.7778 pounds)

 

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