Bloomberg Anywhere Remote Login Bloomberg Terminal Demo Request


Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world.


Financial Products

Enterprise Products


Customer Support

  • Americas

    +1 212 318 2000

  • Europe, Middle East, & Africa

    +44 20 7330 7500

  • Asia Pacific

    +65 6212 1000


Industry Products

Media Services

Follow Us

Bloomberg Customers

BlackRock Buys U.K. Property Funds From Deutsche Bank’s RREEF

BlackRock Inc., the world’s largest money manager, agreed to buy U.K. property funds run by Deutsche Bank AG’s RREEF real estate affiliate.

BlackRock’s U.K. Property Fund will add 27 real estate investments valued at more than 335 million pounds ($543 million) in the deal, bringing assets under management to more than 2.4 billion pounds, the New York-based firm said in a statement today. RREEF’s U.K. retail, office and industrial property funds are included in the acquisition. The transaction’s terms weren’t disclosed.

The deal “increases and further diversifies the fund’s client base by an additional 64 investors, giving them access to a longstanding U.K. real estate platform,” BlackRock said in the statement.

BlackRock can improve the value of some of the assets formerly managed by RREEF and this will be “accretive to the future performance” of the fund, the firm said. BlackRock’s U.K. fund has returned 8.8 percent a year for the last 20 years and its investments include doctors’ offices, marinas and warehouses.

Please upgrade your Browser

Your browser is out-of-date. Please download one of these excellent browsers:

Chrome, Firefox, Safari, Opera or Internet Explorer.