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BlackRock and Audley Launch £500m UK Retirement Living Joint Venture

BlackRock Buys 75% Stake in JV for £100m
Getty Images
Getty Images

Audley Group and BlackRock Real Assets are creating a new half a billion-pound joint venture to develop retirement housing in the UK, with the world’s largest asset manager purchasing a 75% stake in the partnership with the UK retirement home developer for £100m.

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