BlackRock, M&G defer withdrawals from UK property funds

BlackRock, M&G defer withdrawals from UK property funds

A man walks next to a BlackRock sign pictured in the Manhattan borough of New York, October 11, 2015. REUTERS/Eduardo Munoz

US fund manager BlackRock and British asset manager M&G are delaying redemptions from UK property funds managing around 8.1 billion pounds ($9.75 billion) of assets as investors seek to exit Britain’s real estate market.

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