Aberdeen Investments and Weave Living Establish New Partnership to Acquire Six Residential Properties in Central Tokyo, Expanding Japan Real Estate Footprint
17 August 2026Aberdeen Investments ("Aberdeen"), a global specialist asset manager, today announced the acquisition of six modern residential properties in central Tokyo in partnership with Weave Living, on behalf of a large European investor that is a long term partner of Aberdeen in the region, further expanding both firms’ living sector investments in Japan.
Japan's residential market continues to demonstrate strong fundamentals, supported by persistent housing undersupply, ongoing urbanisation and favourable policy conditions. High construction costs and labour shortages are limiting new housing supply, while demand for rental accommodation continues to increase, particularly in Tokyo, driven by inward migration, the growth of single-person households and sustained investor interest.
Against this backdrop, residential rents in Tokyo have continued to rise, broadly in line with household income growth, while asset pricing has remained resilient despite higher interest rates. In the first quarter of 2026, average occupancy rates across Tokyo's 23 wards, the heart of the city, rose by 0.6% quarter-on-quarter to 96.8%, while occupancy in the Central Five Wards increased by 0.4% to 96.4%. Average rents in Tokyo's 23 wards increased by 1.3% quarter-on-quarter and 3.3% year-on-year, while rents in the Central Five Wards rose by 0.5% quarter-on-quarter and 4.1% year-on-year.1
Harumi Kadono, Head of Japan Real Estate, Aberdeen Investments, said: “These transactions reflect our long-term commitment to growing our real estate presence in Japan. We remain highly constructive on the outlook for Japan's residential market, particularly in Tokyo, where strong rental demand, constrained supply and supportive demographic trends continue to underpin resilient fundamentals. We are pleased to be partnering with Weave Living, Asia-Pacific’s pre-eminent living sector specialist, to deliver a differentiated rental housing solution for tenants in central Tokyo.”
The newly acquired assets comprise 275 residential units well located in central Tokyo and were secured off-market through Weave Living’s proprietary deal pipeline. Situated within Tokyo's 23 wards, including Shinjuku, Nakano, Suginami and Toshima, all six properties were completed between 2023 and 2026 and are located within a 10-minute walk of the nearest railway station. To optimise net operating income (“NOI”), five of the assets will be operated as furnished flexible rental apartments managed under Weave Living’s urban branded residential offering – Weave Place – to meet growing demand for flexible living solutions, while the remaining asset will continue to operate as a traditional built-to-rent residential property.
Harumi Kadono added; “We see significant potential in Japan's residential sector, particularly for properties adopting furnished flexible rental models. Demand is being supported by a growing population of foreign professionals, aided by initiatives such as Japan's digital nomad visa programme and the continued expansion of coworking infrastructure. At the same time, the number of international students and short and medium term stayers both for business and leisure purposes coming to Tokyo has increased substantially over the past three years and is expected to continue growing. These trends are creating strong demand for flexible living solutions that offer convenience for tenants. Partnering with Weave Living gives us an experienced manager on the ground in Tokyo and allows us to meet that demand with a genuinely differentiated rental product.”
Sachin Doshi, Founder and Group CEO of Weave Living added; “As part of the accelerated growth of our integrated living sector focused funds management business in Japan and across Asia-Pacific, we are delighted to announce this venture with Aberdeen Investments. These latest additions to our Japan portfolio are a demonstration of our commitment to offering a diversified mix of living options to discerning domestic and expat renters in prime Tokyo locations. Partnering with an investor of Aberdeen’s standing is further endorsement of our ability to consistently secure attractive off-market investment opportunities in a competitive market with our marquee institutional capital partners.”
The latest acquisitions further strengthen Aberdeen's position in Japan's living sector. During 2025, the firm acquired three individual residential assets as well as a portfolio of 29 residential properties. As at the end of June 2026, Aberdeen's Japan living portfolio comprises 57 properties with a total valuation of approximately JPY150 billion (US$920 million). For Weave Living, the transaction extends a rapid build-out in Japan, where it has grown its portfolio to approximately JPY110 billion (US$680 million) since entering the market in 2023.
1Source: Savills Tokyo Residential Leasing (Q1/2026)
Ends
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Notes to editors
About Aberdeen Investments:
Aberdeen Investments is a specialist asset manager that focuses on areas where we have both strength and scale across public and private markets, including credit, specialist equities and real assets.
Our teams collaborate across regions, asset classes and specialisms, connecting diverse perspectives and working with clients to identify investment opportunities that suit their needs.
As at 30 June 2026, Aberdeen Investments managed c.£397.5bn on behalf of clients, including insurance companies, sovereign wealth funds, independent wealth managers, pension funds, platforms, banks and family offices.
About Weave Living:
Weave Living is a leading provider of urban rental accommodation in key gateway cities throughout Asia-Pacific. Since its founding in 2017 by Sachin Doshi, Weave has reimagined renting a home in big cities so more people can live their best life, no matter wherever they are on that journey.
Weave currently offers six unique living options that cater to a diverse range of modern lifestyles featuring such apartments as: luxury homes in Weave Residences; serviced apartments in Weave Suites; furnished apartments in Weave Place; unfurnished apartments in Weave Base; co-living studios in Weave Studios; and student housing in Weave Campus. Each class-leading home combines modern aesthetics, superior finishes, and a fully tech-enabled experience with superior comfort and flexibility in prime urban locations.
At present, Weave owns and manages residential properties in Hong Kong, Singapore, Japan, South Korea, and Australia.
www.weave-living.com
Instagram: @liveatweave
Facebook: @liveatweave
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