TOKYO -- U.S. investment firm Blackstone Group will spend over 100 billion yen ($926 million) to buy distribution centers in Japan, seeing room for growth in the country's relatively small e-commerce market, Nikkei has learned.
Blackstone is expected to buy five or six sites from Singaporean state-owned property investor Mapletree. One location in Odawara, a city southwest of Tokyo, serves as a key fulfillment center for Amazon Japan covering the greater Tokyo area.
