Aberdeen Investments 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.”
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,” said Aberdeen Investments.
“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.”
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 …
“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, said: “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.”
Aberdeen Investments manages £398 billion on behalf of clients, including insurance companies, sovereign wealth funds, independent wealth managers, pension funds, platforms, banks and family offices.
Aberdeen Group manages and administers £580 billion of client and customer assets across its three core businesses — interactive investor, Adviser and Investments.