CapitaLand Ascott Trust has acquired three rental housing properties in Greater Tokyo for JPY4.6 billion. Located in Southern Kanagawa, the freehold assets boast occupancy rates above 95 per cent and offer stable, long-term returns. This move increases the trust’s living sector portfolio to 17.5 per cent of its total value. The acquisition aligns with a broader strategy to expand presence in key Japanese markets through resilient, income-generating assets.
The project will rise on the former site of the Shin-Yurakucho Building, reimagining the location as a dynamic hub where art, fashion, food, and hospitality converge.