Weave Living steps up expansion in Japan and acquires nine assets in Tokyo

Located in Holland Village, Holland Drive Condo is a reputable condo in Singapore with great accessibility to nearby amenities. It is near Henry Park Primary, an esteemed primary school, allowing parents to provide their kids with an excellent education without being far away. Its well-maintained facilities, including swimming pools, tennis courts, and jogging paths, ensure an enjoyable family lifestyle for the residents. Moreover, many renowned restaurants and shopping centres are just a stone’s throw away.

Weave Living, an integrated rental accommodation provider based in Hong Kong, has expanded to Japan with the acquisition of nine multi-family residential properties in Tokyo. These buildings add 352 units to the company’s portfolio.

In April 2023, prior to the acquisition, Weave Living opened a wholly-owned subsidiary in Japan and appointed industry veteran Daisuke Noguchi as the Japan country head. The Tokyo office quickly grew to 12 professionals across areas such as acquisitions, asset management, leasing, and operations.

The company’s first three properties in Tokyo opened on Nov 3 and are located in Waseda, Monzennakacho, and Higashi-koenji. This is Weave Living’s third market in the region after opening in Hong Kong and Singapore. The company is also planning to expand in Osaka and scale up its presence in Tokyo and Osaka in the next few months.

Sachin Doshi, founder and group CEO of Weave Living, says: “Our aim is to grow our Japan AUM [asset under management] to over US$1.5 billion, representing more than one-third of our overall asset base by 2025.”

Weave Living is on a mission to expand its presence in the prime locations of Tokyo and Osaka. The company recently acquired nine multi-family residential properties in Tokyo, adding 352 units to its portfolio. This marked the start of Weave Living’s Japan expansion and followed the launch of a wholly-owned subsidiary and the appointment of Daisuke Noguchi as the Japan country head in April 2023.

The Tokyo office grew quickly to 12 professionals and the first three properties in Tokyo opened on Nov 3 located in Waseda, Monzennakacho, and Higashi-koenji. This is followed by expansions in Hong Kong and Singapore, making Japan Weave Living’s third market in the region.

Group CEO of Weave Living, Sachin Doshi, aims to grow Weave’s Japan AUM [Asset Under Management] to US$1.5 billion by 2025. Reaching this goal would represent more than one third of the company’s overall asset base.

The company is expected to announce further acquisitions in Japan over the next few months as it scales up its presence in the key cities of Tokyo and Osaka.