Gaw Nears Deal for Blackstone’s $540 Million Tokyo Assets
- The assets involve seven warehouses in or near Tokyo
- Gaw has pledged to plow as much as $4 billion into Japan
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Gaw Capital Partners, a Hong Kong-based real estate private equity firm, is nearing a deal to acquire several warehouses in Japan owned by Blackstone Inc. for about 80 billion yen ($540 million), according to people familiar with the matter.
Discussions over the seven warehouses in or near Tokyo are at an advanced stage, said the people, who asked not to be identified as the information is private. Talks are ongoing and could still fall apart, the people added.