Blackstone sold a portfolio of six logistics assets located across Japan to the GIC for more than $800 million.

For GIC, Singapore's sovereign wealth fund, the four-million-square foot acquisition "provides stable and diversified income streams with attractive growth potential" and "is a good addition to our Japan portfolio as we continue to focus in tailwind sectors such as hospitality and logistics," says Goh Chin Kiong, its Deputy Chief Investment Officer, Real Estate, in prepared remarks.

Blackstone is one of the world's largest investors in logistics. Its marquee transactions include the sale of the Milestone Australian logistics portfolio in the largest private real estate transaction in the country at the time and the recapitalization of the Mileway European logistics portfolio in the largest private real estate transaction ever globally, at the time of announcement. In Asia, it has built significant portfolios in India, Greater China, and Australia.