The Blackstone Group, a speculation and advisory firm, has concluded a concord to manage more than $2bn Bank of America Merrill Lynch's Asian real estate assets and to act as the new general partner for the Merrill Lynch Asian Real Estate chance Fund.
The combined Merrill Lynch portfolio consists of assets geographically increase across Asia, with the considerable majority situated in four markets: Japan, China, India and South Korea.
Most of the recent Merrill Lynch Asia real estate team has approved to join the Blackstone real estate group.
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