The latest mergers, acquisitions and other corporate actions in the wealth management sector.

Aberdeen Investments, Weave Living
Aberdeen Investments, a global asset manager, has acquired six modern residential properties in central Tokyo in partnership with Weave Living, a provider of urban rental accommodation throughout Asia-Pacific. The transaction, which was carried out on behalf of a large European investor that is a long-term partner of Aberdeen in the region, will expand both firms’ living sector investments in Japan. The terms of the transaction and the name of the European investor were not disclosed.

Japan's residential market has strong fundamentals, supported by housing undersupply, urbanisation and favourable policy conditions, the firm said in a statement. High construction costs and labour shortages are limiting new housing supply, while demand for rental accommodation continues to increase, particularly in Tokyo, driven by inward migration, the growth of single-person households and sustained investor interest.

Against this backdrop, residential rents in Tokyo have continued to rise, broadly in line with household income growth, while asset pricing has remained resilient despite higher interest rates, the firm continued. In the first quarter of 2026, average occupancy rates across Tokyo's 23 wards, the heart of the city, rose by 0.6 per cent quarter-on-quarter to 96.8 per cent, while occupancy in the Central Five Wards increased by 0.4 per cent to 96.4 per cent. Average rents in Tokyo's 23 wards increased by 1.3 per cent quarter-on-quarter and 3.3 per cent year-on-year, while rents in the Central Five Wards rose by 0.5 per cent quarter-on-quarter and 4.1 per cent year-on-year.

“These transactions reflect our long-term commitment to growing our real estate presence in Japan, Harumi Kadono, head of Japan real estate, Aberdeen Investments, said. “We remain highly constructive on the outlook for Japan's residential market, particularly in Tokyo, where strong rental demand, constrained supply and supportive demographic trends continue to underpin resilient fundamentals.”

The newly-acquired assets comprise 275 residential units well located in central Tokyo and were secured off market through Weave Living’s proprietary deal pipeline. Situated within Tokyo's 23 wards, including Shinjuku (pictured), Nakano, Suginami and Toshima, all six properties were completed between 2023 and 2026 and are located within a 10-minute walk of the nearest railway station.

“We see significant potential in Japan's residential sector, particularly for properties adopting furnished flexible rental models,” Kadono added. “Demand is being supported by a growing population of foreign professionals, aided by initiatives such as Japan's digital nomad visa programme and the continued expansion of co-working infrastructure. At the same time, the number of international students and short and medium-term stayers both for business and leisure purposes coming to Tokyo has increased substantially over the past three years and is expected to continue growing. These trends are creating strong demand for flexible living solutions that offer convenience for tenants.”

The latest acquisitions will strengthen Aberdeen's position in Japan's living sector. As at the end of June 2026, Aberdeen's Japan living portfolio comprised 57 properties with a total valuation of about JPY150 billion ($920 million). For Weave Living, the transaction is extending a rapid build-out in Japan, where it has grown its portfolio to about JPY110 billion since entering the market in 2023.