Blackstone to acquire Tokyo C‑NX from Nippon Express for $641 m.

Blackstone, a global alternative asset manager, agreed to acquire Tokyo C‑NX, a Grade A logistics warehouse in Tokyo, from Nippon Express, a global logistics services company, for $641 m. “We are pleased to invest in a premium asset in logistics, a fast-growing sector and one of Blackstone’s highest conviction investment themes. We are committed to partnering with Japanese businesses and continuing to contribute in meaningful ways to the evolution of Japan’s economy,” Daisuke Kitta, Blackstone Head of Real Estate Japan.