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TOKYO, JAPAN – December 25, 2025 – Blackstone (NYSE: BX) today announced that Real Estate funds managed by Blackstone (“Blackstone”) have entered into a definitive agreement to acquire Tokyo C-NX (the “Asset”), a Grade A logistics asset located in central Tokyo. Valued at over JPY 100 billion (US$641 million), this marks the largest logistics transaction in Japan this year and underscores Blackstone’s commitment to investing in sectors that support Japan’s economic growth.
  
The Asset – a 1.6 million square feet, 5-story warehouse in Tokyo Bay, within a 15-minute driving distance from the city center – serves as a mission-critical distribution hub. Japan continues to see steady demand for high-quality warehousing solutions, driven by its expanding e-commerce sector – now the fourth-largest globally – and a shift towards a more digitalized economy.
 
Daisuke Kitta, Head of Real Estate Japan, Blackstone, said: “We are pleased to invest in a premium asset in logistics, a fast-growing sector and one of Blackstone’s highest conviction investment themes. This reinforces our focus on investing in critical industries shaping Japan’s future and demonstrates our ability to offer scale, speed, and certainty to Japanese corporates seeking trusted partners to advance their strategic goals. We are committed to partnering with Japanese businesses and continuing to contribute in meaningful ways to the evolution of Japan’s economy.”
  
Japan is a high conviction market for Blackstone, where the firm has built partnerships with leading corporates including Seibu Holdings, Kintetsu Group, and Sony Group. In recent years, it has accelerated its investments across businesses. In Real Estate, Blackstone has built a diversified portfolio across logistics, residential, hotels, data centers, and offices. Earlier this year, Blackstone completed the acquisition of Tokyo Garden Terrace Kioicho for $2.6 billion (~JPY 400 billion) in the largest real estate investment at the time by a foreign investor. Blackstone is also building its data center presence in Japan through AirTrunk, a leading data center platform in the Asia Pacific region, further strengthening its position as the world’s largest data center provider and a major investor across the AI value chain.
 
Blackstone is a significant investor in logistics globally. Over nearly 15 years, the firm has made investments at scale in the United States, Europe, and in the Asia Pacific region across Japan, India, Australia, Greater China, and South Korea.
 
About Blackstone
Blackstone is the world’s largest alternative asset manager. Blackstone seeks to deliver compelling returns for institutional and individual investors by strengthening the companies in which the firm invests. Blackstone’s over $1.2 trillion in assets under management include global investment strategies focused on real estate, private equity, credit, infrastructure, life sciences, growth equity, secondaries and hedge funds. Further information is available at www.blackstone.com. Follow @blackstone on LinkedIn, X (Twitter), and Instagram.
 
Blackstone
Mariko Sanchanta
[email protected]
080 8702 7386
 
Kekst CNC
Minako Otani
[email protected]
090-3239-9348