TOKYO -- Seibu Holdings will sell an iconic Tokyo property for around 400 billion yen ($2.6 billion) to Blackstone, the company announced on Thursday, in a deal that highlights the accelerating pace of business restructuring in corporate Japan amid foreign investors' rising interest in Japanese real estate.
Property
Seibu's $2.6bn property sale sign of Japan's business renewal drive
Blackstone offered highest bid and brought most to the table in major deal
Seibu Holdings will invest proceeds from selling the Tokyo Garden Terrace Kioicho in its hotel and leisure businesses. (Photo by Kosaku Mimura)
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