British fund and Blackstone trade Japan portfolio
M&G Real Estate has acquired a portfolio of 30 rental apartments located in Tokyo, Nagoya, and Osaka. According to Nikkei Real Estate Market Report, the price was 49.2 billion yen (359 million Euro). The seller appears to be the world’s largest investment group, Blackstone. M&G Real Estate headquartered in the UK is the real estate investment arm of Prudential Inc.