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BlackRock Extends and L&G Removes Block on UK Property Fund Redemptions

UK Property Funds Have Been Limiting Institutional Investor Withdrawals
Storm clouds over the City of London’s financial district skyline. (Getty Images)
Storm clouds over the City of London’s financial district skyline. (Getty Images)
CoStar News
January 5, 2023 | 9:00 AM

US fund manager BlackRock has extended the block on withdrawals from its £3.5 billion UK property fund for another quarter, according to sources reported by Reuters and the Financial Times.

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