Blackstone is exploring more acquisitions in Japanese real estate, after selling about $4.5 billion worth in the past year to capitalize on high international interest in property in the island nation.
The world¡¯s largest alternative-asset manager is working on more acquisitions with several bids out and properties like hotels and data centers in the pipeline, according to Blackstone¡¯s head of Japan real estate Daisuke Kitta. That comes after it spent most of last year shedding assets, including about $1.3 billion in properties sold to investors like GIC and Gaw Capital Partners, according to Cushman & Wakefield.
¡°Our pipeline has increased since the spring,¡± Kitta said in an interview in Tokyo. ¡°Our acquisitions team is finally getting back to business.¡±
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