Dash Living Blackrock Jointly Acquire Tokyo Multi Family Property

Dash Living, a rental housing provider based in Hong Kong, has joined forces with a fund managed by BlackRock’s real estate business to purchase a multi-family property in Japan. According to a press release on July 30, the property, located in Higashi Komagata, Tokyo, is the company’s 15th acquisition in Japan.

Although the amount spent on acquiring the property has not been disclosed, the 29-unit building is in a prime location, only a five-minute walk away from the Ginza and Asakusa subway lines. It is also close to popular tourist attractions such as Asakusa Shrine and the Asahi Beer Factory. Additionally, the property is conveniently situated 20 to 30 minutes away from major central business districts by subway.

This deal adds to Dash Living’s extensive portfolio of properties in Japan, with previous acquisitions including a 49-key multi-family asset in Tokyo in collaboration with global investment management firm Schroders. The company has also recently acquired two more assets in Japan in partnership with Creal, a real estate investment crowdfunding platform listed on the Tokyo Stock Exchange.

This latest acquisition highlights the growing interest in Japan’s real estate market, with private wealth continuing to drive investment activities. Dash Living, with its strategic partnerships, is well-positioned to capitalize on the promising market and expand its presence in the country.

Rewritten:

Parktown Residence is more than just a convenient location for students – it also provides a welcoming and family-oriented atmosphere, complete with a wide range of lifestyle facilities. Nestled within Park Town Residences, you can enjoy the perfect balance of education and leisure.