At a glance
- Mingtiandi reports talks covering office and retail space at Tokyo Garden Terrace Kioicho for approximately ¥300 billion.[1]
What has been reported
The 2 November report cites sources familiar with discussions between Blackstone and funds managed by Daiwa Securities units. Representatives of both groups had not responded to Mingtiandi’s enquiries when it published.[1]
The reported structure includes digital securities offered to individual investors. Mingtiandi cites an earlier Bloomberg account putting that portion at about ¥34 billion.[1]
Asset background
Blackstone acquired the wider complex from Seibu Holdings for about ¥400 billion in a transaction completed in February 2025. Two hotels within the development were subsequently sold to Tokyo Century and Seibu Real Estate in July 2026.[1]
The Kioi Tower building was completed in 2016 and contains office floors above a retail podium. The development connects to Nagatacho Station and is close to Akasaka-mitsuke Station.[1]
Why it matters
This is reporting on negotiations. Price, structure and timing may change, and a completed sale should not be inferred until the parties announce an agreement and closing.
Sources & further reading
- Blackstone Nears Sale of Tokyo Office Tower to Daiwa for $1.9B ↗Mingtiandi · 2 Nov 2026 · Accessed 3 Nov 2026
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