Blackstone: The firm will acquire the 36-storey Tokyo Garden Terrace Kioicho office and hotel complex from Japan's Seibu Holdings in an effort to free up the railway and property firm's balance sheet.

Blackstone is acquiring the Tokyo Garden Terrace Kioicho mixed-use complex in Japan from Seibu Holdings for around JPY4trn (€2.5bn).

Blackstone Inc. is buying a mixed-use complex in Tokyo from Seibu Holdings Inc. in the largest-ever real estate acquisition by foreign fund in Japan.

Blackstone said on Thursday that it will acquire a high-end office building in central Tokyo for $2.6 billion, a deal it says is the biggest real estate investment by a foreign investor in Japan.

Blackstone has agreed to acquire a mixed-use office complex in Tokyo for $2.6 billion from hotel and railway operator Seibu Holdings, a vote of confidence in the Japanese capital’s property market. The U.