Transactions - JULY 18, 2019

To read this full article you need to be subscribed to Newsline.

Sign in Sign up for a FREE subscription

Blackstone to spend $926m for Japanese warehouses

by Andrea Zander

Blackstone Group has plans to spend $926 million on a portfolio of distribution centers in Japan, reported media outlets.

The seller was a Mapletree-sponsored private equity real estate fund, MJLD, which closed in 2014 with $470 million.

The portfolio consists of six logistics properties, with five located in the Greater Tokyo area and in Odaware, a city southwest of Tokyo. Assets include Amazon’s fulfilment center for the Greater Tokyo area, a two-building facility in the city of Odawara.

Japan is ranked as the world’s fourth-largest e-commerce market following China, the United States, and the United Kingdom. And it is expected to grow 4 percent this year.

Amazon and Rakuten, an electronic commerce and internet company, occupy a huge portion of the business-to-consumer (B2C) e-commerce marketplace share in Japan. Rakuten provides a variety of services including mobile payments, online banking, insurance, online travel booking, music streaming, video

Forgot your username or password?

We use cookies and other tracking technologies to personalize your user experience on our site and perform site analytics. By clicking on “I accept”, you consent to our Privacy Policy.