Blackstone wins first-negotiation rights for $2.6bn Tokyo deal

Seibu's sale of mixed-use Tokyo complex is part of a new corporate strategy

20241120 Tokyo Garden Terrace Kioicho

Seibu's Tokyo Garden Terrace Kioicho complex is located in central Tokyo near parliament. (Photo by Seibu Holdings/Kyodo)

Nikkei staff writers

TOKYO -- U.S. investment fund Blackstone has been granted the right of first refusal in negotiations to purchase a mixed-use urban complex in Tokyo, moving it closer to a deal potentially worth 400 billion yen ($2.6 billion), Nikkei has learned.

Tokyo Garden Terrace Kioicho is owned by Seibu Holdings and opened in July 2016. The complex has offices and residences with a luxury hotel on its upper floors, and is located in the city center near parliament.

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