Blackstone to acquire Tokyo Garden Terrace Kioicho from Seibu for $2.6bn.

Blackstone, an American alternative investment firm, agreed to acquire Tokyo Garden Terrace Kioicho from Seibu, a Japanese multinational holding company, for $2.6bn. “This is a landmark opportunity to acquire a trophy Tokyo asset from one of Japan’s most respected corporations, Seibu Holdings. Japan is one of our most important markets globally, where we have acquired $16 billion of real estate assets since 2013. This transaction represents our conviction in Japan and the deep partnerships we’ve built with leading Japanese companies like Seibu,” Chris Heady, Blackstone Chairman of Asia Pacific and Head of Real Estate Asia.