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Property

Blackstone to seal Japan's largest ever real estate deal for $2.8bn

US investment fund will acquire 220 rental apartments from China's Anbang

TOKYO -- U.S. investment fund Blackstone Group is to reacquire a portfolio of rental apartments in Japan for 300 billion yen ($2.8 billion), the Nikkei Asian Review has learned, marking the largest real estate deal in the country's history.

The record purchase of the apartments, which Blackstone previously sold in 2017, highlights the moves being made by foreign companies that are further pushing up Japan's rising real estate prices.

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