Weave Living launches major domestic investor vehicle in Japan

The new investment vehicle also secured a substantial Tokyo portfolio valued at over $1.06b (JPY 20b).

Weave Living has launched its first domestic investor vehicle in Japan, Weave Living Japan Multi-Family Domestic Vehicle 1 (WLJMFDV 1).

According to Sachin Doshi, founder & group CEO of Weave Living, the new vehicle also secured an off-market portfolio of 11 brand new, high-quality multi-family assets in Tokyo valued at over $1.06b (JPY 20b), comprising over 300 units.

This brought Weave’s Japan AUM to c. $4.24b (JPY 80b) / 28 assets / c.1,100 units in quick time after its entry into the market in early 2023. All assets in this portfolio are located in core Tokyo neighbourhoods, offering a mix of units with fantastic accessibility to Tokyo Station, Shinjuku and other hubs around the city.

“WLJMFDV 1 further strengthens Weave’s unmatched institutional management capability in the living sector in Japan and throughout the Asia Pacific region,” Doshi said.

He said this development is a prelude to more vehicle launches in Japan, and other geographies in the Asia Pacific (APAC), allowing domestic and global institutional investors to invest across the risk-return and product spectrum alongside APAC’s living sector powerhouse.

JPY1 = $0.053