Weave Living and KKR鈥檚 Japan residential investment partnership has agreed to acquire six properties in prime Tokyo locations for an unspecified sum.
With the latest acquisitions, the Weave Living Japan Residential Venture I has grown its portfolio to 17 properties within the first six months of its establishment.
The operator intends to introduce its premium brand, Weave Residences, to three of the newly acquired assets in central Tokyo.
Sachin Doshi, founder and group CEO of Weave Living, said: 鈥淎s part of our steady growth in the Japan market and across Asia-Pacific, we are thrilled to expand our collaboration with KKR and our Japan-based offering to six new locations that are extremely desirable even by Tokyo standards.
鈥淎lso factoring in the planned Japan debut of our Weave Residences brand, this is a further demonstration of our commitment to offering an ever-wider selection of living options to renters at various life stages, with an emphasis on the distinctive attractiveness of each of the fantastic locations that make up our expanded portfolio in Tokyo.鈥�
Kensuke Kudo, managing director, real estate, KKR, said: 鈥淭his expansion underscores our conviction in the long-term fundamentals of Japan鈥檚 residential sector and ability to deliver high-quality, differentiated offerings to meet the evolving residential needs of corporates and executives in Japan.
鈥淲e look forward to continued collaboration with Sachin to scale this promising platform.鈥�
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