BlackRock defers investor withdrawals from UK property fund-source

LONDON, Jan 4 (Reuters) - U.S. funds giant BlackRock

will defer third-quarter redemptions from its BlackRock UK

Property Fund following a heightened level of redemption

requests, a person familiar with the situation said on

Wednesday. The fund had 3.5 billion pounds ($4.22 billion) in assets

under management as of October. ($1 = 0.8295 pounds)

(Reporting by Carolyn Cohn and Elizabeth Howcroft, editing by

Kirstin Ridley)