Aberdeen Investments has acquired six residential properties in central Tokyo — 275 units in total — through a partnership with Asia-Pacific rental accommodation provider Weave Living, expanding its Japan real estate footprint as it eyes growing foreign-professional demand in the market.
The deal brings Aberdeen’s Japan “living sector” portfolio close to $1 billion: as of the end of June 2026, it comprises 57 properties valued at approximately $920 million (£710m), following a 2025 in which the firm acquired three individual residential assets plus a 29-property portfolio. The six new assets — secured off-market through Weave Living’s pipeline, all completed between 2023 and 2026 and within a 10-minute walk of the nearest railway station — will mostly operate as furnished, flexible rental apartments under Weave Living’s “Weave Place” brand, with one asset continuing as a traditional built-to-rent property.
The acquisition lands amid strong Tokyo rental fundamentals: in the first quarter of 2026, average occupancy across the city’s central five wards hit 96.4%, with rents up 4.1% year-on-year, driven by acute housing undersupply, high construction costs and inward migration. Harumi Kadono, head of Japan real estate at Aberdeen Investments, said the firm remains “highly constructive” on Japan’s residential market, particularly Tokyo, citing several demand drivers together — foreign professionals aided by Japan’s digital nomad visa programme, expanding coworking infrastructure, and a rising number of international students and short- and medium-term business and leisure visitors over the past three years. Weave Living founder and group CEO Sachin Doshi said the venture reflects the accelerated growth of the firm’s Japan and Asia-Pacific funds-management business.
