Blackstone Plans $1.9 Billion Sale of Tokyo Garden Terrace Kioicho Office Space

Blackstone plans to sell the office portion of the Tokyo Garden Terrace Kioicho complex for about 300 billion yen, or approximately $1.9 billion. According to Sina Finance, people familiar with the matter said the New York-based alternative asset manager is negotiating with potential buyers; they spoke anonymously because the matter has not been made public. Blackstone is also considering packaging part of the property's beneficial interests as digital securities to sell smaller stakes to individual investors.