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Blackstone snaps up $1bn in Japanese real estate

US private equity giant fuels property market rebound from pandemic slump

Blackstone Group Chairman, CEO and Co-Founder Steve Schwarzman: Blackstone has ramped up investment in Japan with a focus on logistics facilities and residential properties.   © Reuters

TOKYO -- U.S. private equity firm Blackstone Group has spent about 110 billion yen ($1.05 billion) to purchase properties in major Japanese urban areas expected to see steady long-term rental demand, Nikkei has learned.

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