Blackstone Group and Tosei Asset Advisers, manager of Blackstone’s Japanese multifamily assets, have plans to acquire four logistics facilities across Japan from Daiwa House Industry Co., reported The Nikkei.
The sales price is $523 million. The assets are located in the Kanto region, which includes Tokyo, as well as the central Chubu region.
Daiwa House will continue to manage the facilities.
Blackstone has been actively investing in logistics properties in Japan, spending more than ¥100 billion ($950 million) in 2019.
