WEAVE LIVING, Asia-Pacific’s leading fully-integrated lifestyle rental accommodation provider, today announces the appointment of Daisuke Noguchi as Country Head - Japan.
WEAVE LIVING, Asia-Pacific’s leading fully-integrated lifestyle rental accommodation provider, today announces the appointment of Daisuke Noguchi as Country Head - Japan. This move signifies the company’s commitment to ongoing expansion in the region seeking to consolidate its position as a one-of-a-kind pure-play rental accommodation player serving the region’s largest cities and managing capital on behalf of institutional investors looking for exposure to the residential-for-rent asset class in Asia-Pacific.
Mr. Noguchi will be based in WEAVE LIVING’s newly opened office in Central Tokyo and will be responsible for business operations for the company in Japan. He brings 27 years of experience within the Japanese real estate industry as an investor, asset manager, investment banker and broker, working for large global and domestic institutions such as Allianz Real Estate, J.P. Morgan Asset Management, Mitsubishi Corporation, GE Real Estate, and Nikko Citigroup. Mr. Noguchi has been involved in over USD 2.5 billion of residential investments throughout Japan in his career and specialises in the asset class. He received his MSc in Regional and Urban Planning from the London School of Economics and a BSc in Civil Engineering from Waseda University.
Sachin Doshi, Founder and Group CEO of WEAVE LIVING, said: “Our proposition has always been to be the go-to accommodation solution for residents in large urban centres, and we view Japan as a natural extension of the WEAVE brand given the deep, institutional rental housing market in the country. In addition, we see an enormous opportunity for us to bring a new perspective to how the rental housing market in Japan has been traditionally run, and plan to introduce all 3 of our consumer-facing brands to the local market, starting with Tokyo and Osaka. I am excited to have Noguchi-san join our team and confident that his wealth of experience in the Japanese real estate market, along with his significant proprietary network will ensure our continued ability to offer scaleable investment opportunities to investors and quality accommodation options in prime locations for today’s discerning tenants. We will build a vertically integrated rental housing business in Japan and our local presence, both in terms of people and portfolio is expected to grow in the coming months. We have already made several key hires in addition to Noguchi-san, and I anticipate Japan will become one of our largest markets by AUM over the next few years.”
Daisuke Noguchi, Country Head - Japan, WEAVE LIVING, said “I am thrilled to be joining WEAVE LIVING as the company embarks on the rapid expansion of its portfolio of rental accommodation options in Japan. The Japanese market offers a substantial opportunity for the company to bring its hassle-free city living offering to the country. I believe WEAVE LIVING’s well-established, end-to-end business model will be compelling for investors as they continue to seek attractive investment opportunities in the region’s deepest rental housing market’.
This announcement follows the official opening of WEAVE LIVING’s first property in Singapore, WEAVE SUITES – MIDTOWN in March 2023, and the acquisitions of a residential block in Hong Kong’s prime Mid-Levels district in a joint venture with LaSalle Investment Management, and a 215-unit serviced accommodation property in the city in partnership with Angelo Gordon, both of which were consummated in late 2022.
Over the next 12 months, WEAVE LIVING plans to expand its portfolio in Japan, Hong Kong, Singapore, and other key gateway markets in Asia-Pacific, further cementing its standing as the region’s leading vertically-integrated rental accommodation owner, developer, asset manager and operator.