In October 2013, BlackRock acquired MGPA, a Singapore-based independently managed real estate investment firm. The acquisition expanded BlackRock's real estate portfolio to an estimated AUM worth US$23.5 billion, offering investors access to the world's top six markets which constitute 75 percent of the global investable commercial real estate stock. Shortly after the acquisition, BlackRock began the divestment of its Singapore and Malaysia assets. Within two years, the real estate assets in Singapore and Malaysia are put on the market.

The case study will focus on three features revolving around BlackRock's disposal of the Intermark in Malaysia. The first is exploring BlackRock's portfolio management and strategy through the disposal of the Intermark. The second feature is to look into the possible reasons impeding the disposition of the Intermark. The last feature is to analyse what the potential acquisition of the Intermark would entail for the investment portfolio of prospective buyers.

Key words: Acquisition, divestment, cashflow, real estate market analysis