Global investment firm KKR and Weave Living, a Hong Kong-based provider of urban rental accommodation in Asia-Pacific, have agreed to acquire six properties in prime Tokyo locations.

With the latest acquisitions, the strategic partnership has grown its portfolio to 17 properties within the first six months of its establishment.

Three of these new acquisitions are located in Tokyo’s upscale Minato ward neighbourhoods of Roppongi, Minami Azabu, and Shirokane. Weave Living will also introduce its premium Weave Residences brand as part of its Roppongi and Minami Azabu offerings.

The properties feature luxurious, metropolitan living in spacious, fully furnished family-friendly homes, complete with modern decor, and thoughtful design finishes. These homes will help meet growing demand by discerning executives seeking an elevated living experience in supply-constrained Minato area.

The remaining locations will expand the Weave Place brand, offering beautifully designed private apartments with various furnished options catering to the respective needs of a diverse tenant base, including local professionals, expatriates and corporates.

Under these plans, more than 240 fully-furnished luxury rental properties are expected to be ready starting from fall 2025.

“As part of our steady growth in the Japan market and across Asia-Pacific, we are thrilled to expand our collaboration with KKR and our Japan-based offering to six new locations that are extremely desirable even by Tokyo standards,” says Sachin Doshi, founder and group CEO of Weave Living.

“Also factoring in the planned Japan debut of our Weave Residences brand, this is a further demonstration of our commitment to offering an ever-wider selection of living options to renters at various life stages, with an emphasis on the distinctive attractiveness of each of the fantastic locations that make up our expanded portfolio in Tokyo.”

KKR is making its investment from its Asia real estate strategy. The transaction adds to KKR’s continued activity and momentum in Japan’s real estate sector across different real estate investment strategies, including KJR Management, a leading Japanese real estate manager that oversees two real estate investment trusts; hospitality and office assets across Japan; and a portfolio of multifamily properties in Tokyo.