Blackrock International Land said it remains on track to achieve its medium-term goals and expects net asset growth for the full year to be about 6.2 per cent.
The company said it sees no significant net asset growth in the first half of 2008 but added its assets have the potential to deliver significant valuation uplifts in the next few years.
Separately Blackrock said it has exchanged contracts to sell a three-acre site in Edinburgh to VW Group for €6 million. The company said it would realise a profit after costs and before tax of €2.6 million from the deal.