The Blackstone Group Inc. (NYSE:BX) acquired four logistics facilities in Japan from Daiwa House Industry Co.,Ltd. (TSE:1925) for ¥55 billion on July 31, 2020. Under the sale agreement, Daiwa House's property management arm will continue to manage the assets after the sale. In addition, Daiwa House has entered into an agreement with Blackstone Singapore that covers co-operation on the promotion of its development of and investment in logistics facilities in the United States and Europe. The sale was part of Daiwa House Industry's strategy to recycle capital into further expanding the group's domestic logistics development business and to grow the DPL brand that Daiwa had built up in Japan.

The Blackstone Group Inc. (NYSE:BX) completed the acquisition of four logistics facilities in Japan from Daiwa House Industry Co.,Ltd. (TSE:1925) on July 31, 2020.