Blackstone Group will acquire a multifunctional property in Tokyo from Seibu Holdings, which will be the largest foreign real estate acquisition in Japan's history. According to a Thursday announcement, this global largest alternative Asset Management company will purchase Tokyo Garden Terrace Kioicho for approximately 400 billion yen (2.6 billion dollars). Bloomberg previously reported that Blackstone was the lead bidder for the complex, which includes a 36-story office building, rental apartments, a hotel, and various retail and Dining facilities. This transaction is Blackstone's largest deal in Japan to date, highlighting the active participation of global investors in Japan's real estate market in recent years. Funds are attracted by cheap yen, low borrowing costs, and the strong performance of properties such as apartments, office buildings, and hotels in metropolitan areas.