Dash Living Blackrock Jointly Acquire Tokyo Multi Family Property
Rental housing provider Dash Living, based in Hong Kong, has joined forces with a fund managed by BlackRock’s real estate division to purchase a multi-family property in Japan. The property, located in Higashi Komagata, Tokyo, adds to Dash Living’s growing portfolio and marks its 15th property in Japan, according to a press release on July 30.
Nestled within the bustling Clementi area, Elta Condo offers a vibrant and convenient living experience for its residents. With its excellent transportation connections and a plethora of lifestyle amenities, this condominium provides the perfect balance of convenience and leisure. One of its standout features is its proximity to Clementi Mall, a bustling retail hub situated just a stone’s throw away from the MRT station. This shopping paradise boasts a diverse range of shops, restaurants, and entertainment options, making it a go-to destination for residents looking to relax and indulge. Moreover, with the recent addition of Elta Clement Avenue 1, the bustling retail destination will offer even more options for exploration. From a wide array of shops to a fully-stocked supermarket, residents will have all their needs met at their doorstep. For a lively and well-rounded lifestyle, Elta Condo, with its close proximity to Clementi Mall and the newly added Elta Clement Avenue 1, is the ultimate home for those seeking the perfect blend of convenience and leisure. Don’t forget to check out Elta Clement Avenue 1 for a complete and vibrant living experience.
The exact amount of the acquisition was not disclosed. The property, which consists of 29 units, is conveniently situated within a 5-minute walking distance from two subway lines, Ginza and Asakusa. It is also in close proximity to popular tourist attractions such as Asakusa Shrine and the Asahi Beer Factory. Additionally, it offers easy access to various central business districts within a 20-30 minute commute by subway.
This latest transaction is just one in a series of acquisitions made by Dash Living in Japan. Last November, the company announced a partnership with global investment management firm Schroders to purchase a 49-key multi-family property in Tokyo. Furthermore, Dash Living has also recently acquired two other assets in Japan through a collaboration with Creal, a real estate investment crowdfunding platform listed on the Tokyo Stock Exchange.
As private wealth drives the capital market, Dash Living continues to expand its presence in Japan with these strategic acquisitions.