BlackRock myy Illum-tavaratalokiinteistön Kööpenhaminassa Central Groupille

BlackRockin hallinnoima rahasto BlackRock Europe Property Fund III myy Kööpenhaminassa sijaitsevan Illum-tavaratalon kiinteistön Central Groupille. BlackRockin rahasto osti kiinteistön vuonna 2011, minkä jälkeen BlackRock on remontoinut kiinteistön täysin ja kehittänyt sitä merkittävästi.

Central Group on omistanut Illumin brandin vuodesta 2013, mutta ei kiinteistöä.

Alkuperäinen lehdistötiedote kokonaisuudessaan alla. Mikäli käännöksessä on eroja alkuperäiseen tiedotteeseen, alkuperäinen tiedote pätee.

Lisätietoja:
Anna-Mari Tiilikainen, Viestintätoimisto Cocomms
+358 50 558 0888
anna-mari.tiilikainen (at) cocomms.com

Central Group acquires Illum department store in Copenhagen

21 May 2015 – Central Group has acquired the Illum department store in Copenhagen from BlackRock Europe Property Fund III, managed by investment manager BlackRock. The price is undisclosed.

Illum is Copenhagen's premium department store, offering everything from fashion and beauty to home décor and design. The BlackRock fund took ownership of the 44000 square meter building in 2011 and has since completed a total refurbishment and extensive development of the property.

Mathias Busck, Head of BlackRock’s Nordic real estate business, commented: “We have refurbished and repositioned the Illum building to fit the needs of future shoppers and international retail brands. The site offers unique opportunities for luxury retailers. We are happy to see Central Group take over the property and look forward to see Illum prosper in the future.”

The Central Group has been present in Europe since 2011 when it acquired the Italian department store group La Rinascente with the intention to develop a European collection of historic luxury department stores. Since 2013 Central Group has owned the Illum brand and department store in Denmark, but not the building. The acquisition of Illum property is part of Central Group’s strategy of developing historic retail icons into modern centres of commerce and community for locals and tourists. 

CEO of Central Group, Tos Chirathivat, said: “We are very pleased to take ownership of Illum which is considered landmark property in Copenhagen. The location of this department store is unique and it fits perfectly with our strategy to grow our business in Europe. We will build on the strong brand which Illum has in Denmark and shall continue our refurbishment program and introduction of world class Danish and global luxury brands to the store.”

BlackRock Real Estate is the dedicated real estate investment group within BlackRock and invests in strategies across the risk and return spectrum, providing access to all major property types. The business manages over $23 billion of private and public real estate equity and debt on behalf of investors worldwide in 17 offices across 11 countries in Asia-Pacific, Europe and the US. Investment structures include commingled funds, co-investments, joint ventures and customised separate accounts. Blackrock Real Estate is at the moment increasing its Nordic presence with new projects in Denmark and actively seeking opportunities across the entire Nordic region.

~ Ends ~

For more information please contact:

About BlackRock

BlackRock is a leader in investment management, risk management and advisory services for institutional and retail clients worldwide. At March 31, 2015, BlackRock’s AUM was $4.774 trillion. BlackRock helps clients meet their goals and overcome challenges with a range of products that include separate accounts, mutual funds, iShares® (exchange-traded funds), and other pooled investment vehicles. BlackRock also offers risk management, advisory and enterprise investment system services to a broad base of institutional investors through BlackRock Solutions®. Headquartered in New York City, as of March 31, 2015, the firm had approximately 12,300 employees in more than 30 countries and a major presence in key global markets, including North and South America, Europe, Asia, Australia and the Middle East and Africa. For additional information, please visit the Company’s website at www.blackrock.com | Twitter: @blackrockuknews | LinkedIn: www.linkedin.com/company/blackrock

This material is for distribution to Professional Clients (as defined by the FCA Rules) and should not be relied upon by any other persons.

Issued by BlackRock Investment Management (UK) Limited, authorised and regulated by the Financial Conduct Authority. Registered office: 12 Throgmorton Avenue, London, EC2N 2DL. Tel: 020 7743 3000. Registered in England No. 2020394. For your protection telephone calls are usually recorded. BlackRock is a trading name of BlackRock Investment Management (UK) Limited.

Past performance is not a guide to future performance. The value of investments and the income from them can fall as well as rise and is not guaranteed. You may not get back the amount originally invested. Changes in the rates of exchange between currencies may cause the value of investments to diminish or increase. Fluctuation may be particularly marked in the case of a higher volatility fund and the value of an investment may fall suddenly and substantially. Levels and basis of taxation may change from time to time.

Any research in this document has been procured and may have been acted on by BlackRock for its own purpose. The results of such research are being made available only incidentally. The views expressed do not constitute investment or any other advice and are subject to change. They do not necessarily reflect the views of any company in the BlackRock Group or any part thereof and no assurances are made as to their accuracy.

This document is for information purposes only and does not constitute an offer or invitation to anyone to invest in any BlackRock funds and has not been prepared in connection with any such offer.

© 2015 BlackRock, Inc. All Rights reserved. BLACKROCK, BLACKROCK SOLUTIONS, iSHARES, BUILD ON BLACKROCK, SO WHAT DO I DO WITH MY MONEY and the stylized i logo are registered and unregistered trademarks of BlackRock, Inc. or its subsidiaries in the United States and elsewhere. All other trademarks are those of their respective owners.

EMEACC-0063

About CENTRAL GROUP

Central Group is a leading business operator in Thailand and Southeast Asia. The Group has 9 core business units including retail, real estate, fast moving consumer, hardlines, online, food, fashion distributors, and hotels as well as businesses in Vietnam. With a firm commitment and vision towards further developing its existing businesses and extensive expertise, Central Group has expanded its business both in Thailand and overseas as trusted brands for Thai and internationally for more than 68 years. Currently, Central Group employs about 70,000 employees and has more than 4,700 stores worldwide, with turnover of more than 8.1 billion U.S. dollars.

Lisätietoja:
Anna-Mari Tiilikainen, Viestintätoimisto Cocomms
+358 50 558 0888
anna-mari.tiilikainen (at) cocomms.com

BlackRock

BlackRock on maailman johtavia sijoitusten ja riskien hallinnan sekä neuvontapalveluiden tarjoajia institutionaalisille ja yksityissijoittajille. BlackRockin hallinnoimat varat olivat 4 774 miljardia dollaria 31.3.2015. BlackRock auttaa asiakkaitaan saavuttamaan tavoitteensa ja selviämään haasteista tuotevalikoimansa avulla, johon kuuluu erillisiä tilejä, sijoitusrahastoja, pörssinoteerattuja iShares®-rahastoja ja muita yhteissijoitustuotteita. BlackRock tarjoaa myös riskienhallintaa, neuvontaa ja yritysinvestointijärjestelmäpalveluja laajalle institutionaalisten sijoittajien ryhmälle BlackRock Solutions®-brändillä. BlackRockin pääkonttori on New York Cityssä, ja sillä oli noin 12 300 työntekijää yli 30 maassa (31.3.2015). Yhtiö on vahvasti läsnä kaikille tärkeimmillä markkinoilla Pohjois- ja Etelä-Amerikka, Eurooppa, Aasia, Australia, Lähi-itä ja Afrikka mukaan lukien. Lisätietoja: www.blackrock.com | Twitter: @blackrock_news | blogi: www.blackrockblog.com | LinkedIn: www.linkedin.com/company/blackrock