Hong Kong-based real estate firm MindWorks Properties has acquired a multi-family asset in central Tokyo.

The property, Haven Shibaura, is located in the Shibaura district within Tokyo's Minato Ward. The building boasts access to key Tokyo Metro stations and is near Keio University.

With the surrounding area of Tamachi station and segments of Shibaura district undergoing redevelopment, including a surge in new office spaces, the property’s location is particularly appealing to corporate employees seeking convenient accommodation, MindWorks says.

“We are thrilled to expand our footprint in the Asia-Pacific region with this acquisition. Japan's real estate market presents unique opportunities that we are poised to capitalize on for sustained growth,” says Tong Lynn Yu, partner at MindWorks Properties.

“This endeavour is a testament to MindWorks Properties’ vision of merging best-in-class, tech-enabled operators with traditional real estate assets. By aligning cutting-edge technology with premium urban living spaces, we are not only investing in bricks and mortar but also in the transformative potential of new urban experiences.”

Haven Shibaura is managed by Matsuri Technologies, an operator of residential and serviced apartments across Japan. The project was completed in collaboration with Upper House Club Japan.

MindWorks says Japan's active real estate market presents attractive investment opportunities, bolstered by a resurgence in tourism and business travel. 

The rise in international business travellers and the growing preference for flexible living and corporate accommodations create an optimal landscape for housing solutions, the company adds.