Blackstone nears $2.6 billion deal for Tokyo's Garden Terrace Kioicho complex, its biggest Japan real estate buy.

U.S. investment firm Blackstone is in advanced talks to buy Tokyo Garden Terrace Kioicho, a mixed-use complex in Tokyo, from Seibu Holdings for about $2.6 billion. The deal, if completed, would be Blackstone's largest real estate acquisition in Japan and one of the most expensive real estate transactions in the country. The complex includes offices, residences, a hotel, and retail spaces. Talks are ongoing, with a potential agreement by year-end.

November 20, 2024
4 Articles