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BlackRock: 30% Loss on Office Portfolio Sale Explained

BlackRock, the New York-based investment management corporation, is reportedly planning to divest an office complex in Shanghai, offering it at approximately a 30% markdown from its original purchase price.

A pedestrian walks past BlackRock headquarters in New York. PHOTO: Bess Adler/Bloomberg
A pedestrian walks past BlackRock headquarters in New York. PHOTO: Bess Adler/Bloomberg

This move highlights the prevailing challenges in China’s commercial property market, particularly in its largest city.

The property in question, situated in the north-western area of Shanghai, was acquired by BlackRock

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