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Business deals

Blackstone to buy Daiwa House logistics centers for $523m

US private equity fund eyes growth in e-commerce triggered by coronavirus

U.S. private equity fund Blackstone has been actively investing in logistics facilities in Japan as it looks to capitalize on the growth of e-commerce. (Source photo by Kaisuke Ota and AP)

TOKYO -- Blackstone will purchase four logistics facilities in Japan from Daiwa House Industry, Nikkei has learned, as the U.S. private equity group seeks new investment opportunities in Japan amid growing e-commerce business triggered by the novel coronavirus outbreak.

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