Key facts
- Daiwa Securities Group fund plans to offer digital real estate securities.
- The securities will be tied to the purchase of most of the Tokyo Garden Terrace Kioicho complex.
- The offering is expected to be around 30 billion yen ($191 million).
- The transaction would be one of Japan's largest digital property investment offerings for retail investors.
- Blackstone is negotiating to sell the office portion of the complex for approximately ¥300 billion ($1.9 billion).
A Daiwa Securities Group fund is planning to offer approximately 30 billion yen ($191 million) in digital real estate securities linked to its acquisition of a significant portion of the Tokyo Garden Terrace Kioicho complex. This move is poised to be one of Japan's largest digital property investment offerings aimed at retail investors. Concurrently, Blackstone is reportedly in negotiations to sell the office component of the same landmark mixed-use development for around 300 billion yen ($1.9 billion). The complex, completed in 2016, includes offices, a hotel, residences, and retail space.