Blackstone plans to sell its Tokyo office building for $1.9 billion, considering equity tokenization

According to Bloomberg, informed sources revealed that Blackstone Group plans to sell the office portion of the Tokyo Garden Terrace Kioicho complex for approximately 300 billion yen (about 1.9 billion USD) and is currently negotiating with potential buyers. Blackstone is also considering packaging some of the trust beneficiary rights of the property as digital securities to sell to individual investors in smaller shares. Blackstone Group has not commented on this matter.

The complex is located in Chiyoda, Tokyo, and includes office buildings, hotels, residences, and commercial facilities. Blackstone acquired the complex in 2024 for about 400 billion yen, setting the record for the largest real estate investment by foreign investors in Japan at that time. The proposed sale involves only part of the property, and the related transaction and digital securities issuance plans have not yet been finalized.