Name: BlackRock to Sell Shanghai Office for 30 Percent Off
Uploaded: 2024-01-24T07:27:27.000Z
Description: Moving to the real estate sector, investment giant BlackRock is reportedly looking to sell its office towers in Shanghai.

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Moving to the real estate sector, investment giant BlackRock is reportedly looking to sell its office towers in Shanghai.

To speed up the sale, the New York-based asset manager is offering a 30-percent discount as office rents in the biggest Chinese city have dropped close to a decade low—reflecting the sluggish property market in China's economy.

A spokesperson for BlackRock declined to comment.

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