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BlackRock merges with three RREEF funds to create largest UK PUT

BlackRock is to merge its flagship core UK property fund with three UK sector-specific property funds of Deutsche Bank’s RREEF to create the largest domestic property unit trusts, with aggregate assets under management of £2.4bn.
By James Wallace
December 18, 2012 | 3:30 P.M.

RREEF’s UK Retail, Office and Industrial property funds, which collectively hold 27 UK commercial properties with a current value of £335m, completed a scheme of amalgamation last Friday with the £2.1bn BlackRock UK Property Fund (BUKPF).

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