Dash Living Minami Azubu, located in Minato Ward, Central Tokyo. (Photo: TEC and Dash Living)
Singapore-based real estate investment firm TE Capital Partners (TEC) has formed a joint venture with global rental housing company Dash Living to acquire and operate a residential asset in Tokyo. TEC will own a majority stake in the asset, while Dash Living will manage the property and maintain a minority ownership interest.
The 10-storey building, located in Minami Azabu within Central Tokyo’s Minato Ward, will be rebranded as Dash Living Minami Azabu. With a gross floor area of 90,417.6 sq ft, it will feature 130 furnished apartments available for both short- and long-term stays.
Following the acquisition, the property’s interiors will be renovated and refurbished with premium finishes and contemporary furnishings. Each unit will have a bright and open layout, catering to professionals and expats living in Tokyo.
The property is a seven-minute walk from Shirokane-Takanawa Station, on the Tokyo Metro and Toei Subway lines. It is also near the Tokyo International School.
Terence Teo, managing partner of TEC, says demand for furnished apartments in Tokyo remains robust, fueled by sustained inbound migration and tourism.
Aaron Lee, CEO of Dash Living, says that Dash Living Minami Azubu represents its biggest asset in Japan to date. “We are confident that its mixed long-stay and short-stay model will meet the evolving demand for flexible living in Tokyo.”