Hong Kong-based Dash Living and global investment management firm Schroders have formed an investment joint venture and acquired a residential property in Japan as a seed asset for the partnership.
The partners bought the 49-key multi-family residential asset in Tokyo鈥檚 riverside town of Ryogoku in Sumida ward.
Keisuke Kusano, Schroders鈥� head of real estate in Japan, said: 鈥淒ash Living鈥檚 entrepreneurial approach resonates well with ours and we look forward to our new journey together with this acquisition as well as many more to come.鈥�
鈥淛apan is currently Dash Living鈥檚 fastest growing market and could become our biggest by AUM [assets under management] and beds over the next few years,鈥� said Aaron Lee, CEO and founder, Dash Living.
Lee said the partnership鈥檚 first asset is 鈥渋deal for urban professionals and provides an upmarket accommodation option in an accessible and unique neighbourhood in Tokyo鈥�.
The new acquisition is the first seed asset of the joint venture and Dash Living鈥檚 eleventh location in Tokyo.
To read the latest 91传媒在线 magazine click here.
