BlackRock Plans $2.7 Billion Europe Property Boost on Forex

  • North American clients want to take advantage of weak euro
  • Firm to focus on `value-add' buildings that need improvements

BlackRock Inc., the world’s biggest asset manager, plans to buy as much as 2.5 billion euros ($2.7 billion) of continental European properties over three years -- more than doubling its pace of investment -- as its clients seek to take advantage of a weak euro.

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