Ireland's Blackrock to invest EUR 200 mln

Irish listed property company Blackrock International Land has reported pre-tax profits of EUR 13.9 mln for the period since it was spun off from fruit distributor Fyffes in May 2006. Its property assets grew by 87% over the same period. Carl McCann, Blackrock's chairman, said the company is targeting EUR 200 in investment expenditure in the next one to two years and gross net property assets of EUR 1 bn in the next four to five years.

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