Blackstone has finalized an agreement to acquire Tokyo C-NX, a prominent logistics asset valued at JPY 100 billion, marking it as Japan's largest logistics transaction of the year.

Information on the Target

Blackstone has announced the acquisition of Tokyo C-NX, a premier Grade A logistics asset located in central Tokyo. Valued at over JPY 100 billion (approximately US$641 million), this acquisition represents the largest logistics transaction in Japan for the year 2025. The asset spans 1.6 million square feet and comprises a five-story warehouse situated in Tokyo Bay, conveniently located within a 15-minute drive from the city center. This facility serves as a crucial distribution hub, meeting the rising demand for high-quality logistics solutions.

The increasing growth of Japan’s e-commerce sector, which is now the fourth largest in the world, underscores the necessity for such premium warehousing assets. Furthermore, there is a shift towards a more digitalized economy, further driving the need for efficient logistics operations in the region.

Industry Overview in Japan

Japan's logistics industry is experiencing significant transformation, fueled by the rapid expansion of e-commerce and shifting consumer preferences towards online shopping. The logistics sector is adapting to these changes by prior