Investment firm reports €140m spend

ALMOST €140 million was spent by investment firm Blackrock International Land this year while it sold off assets worth almost €37m.

Blackrock, the property investment spin-off of fruit distributor Fyffes, said it recorded a 4.3% increase in net assets in the first half of this year.

It said during the second half, it completed a number of “significant” transactions with the potential to deliver substantial benefits over the medium term.