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TE Capital Partners and Dash Living Form Joint Venture to Acquire Prime Residential Asset in Minato Ward
Rabu, 12 November 2025 | 08:02
SINGAPORE AND HONG KONG SAR -
Media OutReach Newswire - 11 November 2025 -
TE
Capital Partners ("TEC"), a Singapore-headquartered real estate
investment manager, has established a joint venture with Dash Living
("Dash"), a Hillhouse-backed rental housing platform, to acquire a
premium residential property located in Minami Azabu, Minato Ward,
Central Tokyo. TEC will own a majority stake, while Dash will act as the
property manager and maintain a minority ownership interest.
The asset, to be branded as Dash Living Minami Azabu, will be operated
by Dash as the property manager under its signature furnished apartment
concept. Strategically located just a seven-minute walk from
Shirokane–Takanawa Station and one stop from Azabu-Juban Station — both
served by the Toei and Tokyo Metro lines — the property offers
outstanding connectivity across central Tokyo. Situated within the
prestigious embassy district of Minato Ward, it is surrounded by foreign
embassies and renowned international schools, making it a highly
sought-after location. The ten-storey building comprises 130units and
spans approximately 2,600 tsubo (around 8,400 square metres) of gross
floor area, providing residents with spacious layouts, excellent
accessibility, and a coveted Minami Azabu address.
Dash Living Minami Azabu will undergo comprehensive renovations and
refurbishments to enhance unit interiors with premium finishes and
contemporary furnishings. The refurbished units will feature bright,
open layouts complemented by a modern, functional design – catering to
professionals and expatriates who value quality, convenience, and
comfort in one of Tokyo's prime residential districts.
Tokyo's residential market continues to show strong resilience,
underpinned by stable economic fundamentals, favourable financing
conditions, and a growing influx of foreign professionals. As demand for
high-quality, flexible living solutions rise, Dash Living Minami Azabu
is well-positioned to capitalize on this trend. It's prime location —
surrounded by embassies, international schools, and major transport
links — offers a compelling proposition for sustained occupancy and
long-term rental growth.
Terence Teo, Managing Partner of TE Capital Partners, said "We
are excited to announce this new addition to our portfolio,
demonstrating our commitment to creating value through quality assets in
strategic locations across our key focus markets. This acquisition
reinforces our conviction in Tokyo's residential sector, particularly
the robust demand for furnished apartments fueled by sustained inbound
migration and tourism. Through our partnership with Dash Living, we will
deliver premium, flexible living solutions tailored to the evolving
needs of future residents."
Aaron Lee, CEO of Dash Living, said "We are proud to be leading
the way in bringing foreign institutional investment into Japan's
residential sector. With deep expertise and local market insight, we are
delighted to be partnering with TE Capital Partners as we continue to
expand our footprint in Tokyo. Dash Living Minami Azabu marks our
largest asset in Japan to date and represents a significant milestone
for the group. We are confident that its mixed long-stay and short-stay
model will meet the evolving demand for flexible living in Tokyo."
The property's official website is now live at
www.dash.co/en/japan/tokyo/dash-living-minami-azabu
BERITA LAINNYA
BERIKAN KOMENTAR