Blackstone to buy GE Japan's residential property arm
Business owns and operates over 200 properties, mainly in Tokyo, Osaka, Nagoya, Fukuoka
Seattle
BLACKSTONE Group LP agreed to buy GE Japan Corp's residential property business for more than 190 billion yen (S$2.1 billion) to expand its apartment holdings in Japan.
The business being acquired owns and operates more than 200 properties with more than 10,000 residential units, mainly in Tokyo, Osaka, Nagoya and Fukuoka, Blackstone said in a statement on Thursday. The New York-based company, the biggest US single-family rental-home landlord, said that it's making the purchase partly with its new Asia real estate fund.
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
Property
Half of German housing construction firms short on orders
China’s housing mess finally hits Xi’s interest
A way to beat high mortgage rates is to take over someone else’s loan
With China’s property market struggling, India, South Korea and Vietnam are hot
Shophouse sales surge and at higher prices in Q1 as high-net-worth investors return: Knight Frank
Sony’s plans for Paramount include sale of famous studio lot