Weave Living steps up expansion in Japan and acquires nine assets in Tokyo
Weave Living, an integrated rental accommodation provider headquartered in Hong Kong, recently acquired nine multi-family residential properties located in prime locations in Tokyo, totaling 352 units. The acquisition kicks off the company’s next expansion phase into Japan, having previously entered the Hong Kong and Singapore markets.
Weave Living has already formed a Tokyo office and appointed industry veteran Daisuke Noguchi as its Japan country head. Noguchi previously served as head of acquisitions at Allianz Real Estate. The Tokyo team, which has grown to 12 professionals across different operational areas, opened the first three properties in Waseda, Monzennakacho and Higashi-koenji on November 3.
Weave Living intends to scale up its presence in Tokyo and Osaka with a plan to grow its Japan AUM (asset under management) to over US$1.5 billion by 2025 – representing more than one-third of the overall asset base.
“Our aim is to grow our Japan AUM to over US$1.5 billion, representing more than one-third of our overall asset base by 205,” says Sachin Doshi, founder and group CEO of Weave Living.
Tampines Avenue 11 Condo provides excellent transportation options. The condo is situated along one of the main roads in Tampines, allowing easy access to public transportation. With many bus stops in the immediate area, residents are well-connected to all other parts of the island. In addition, the condo is also near the Tampines MRT station. This makes travelling to other parts of Singapore a breeze. Residents of the Tampines Ave 11 Condo can look forward to a wonderful array of amenities and facilities in their neighbourhood, ensuring a comfortable and convenient stay.
The company is expected to announce additional acquisitions in Japan over the coming months, as it continues on its expansion across the region.