BlackRock to exit real estate business in Poland

BlackRock, the world's largest asset manager said it has sold all its investments in the real estate business in Poland and will close its Warsaw office effective as of May 31, Reuters said. The company will continue to monitor the Polish market using resources within Europe, and the exit will not affect its retail mutual funds business in Poland, a BlackRock spokesman told Reuters. CIJ Journal reported earlier that the company offloaded its last office investment in Warsaw's flagship Rondo 1 tower for around €300 million.