M&A Advisory
K&L Gates
Full Credential Description
Dash Living faced the challenge of expanding its co-living offerings in Hong Kong's competitive real estate market. To address this, they entered into a second joint venture with PGIM Real Estate for the acquisition and development of The Sheung Wan by Ovolo, a 56-key boutique hotel. This strategic move not only reinforced their existing partnership with PGIM Real Estate but also marked a significant step in their growth strategy, as it would become their 26th location in the Asia-Pacific region. The tailored solution involved converting The Sheung Wan into Dash Living on Queen’s, which is positioned just a three-minute walk from their previously launched Dash Living on Hollywood. This proximity is expected to create operational synergies and enhance investor returns by allowing residents of both locations to access shared facilities, thereby fostering a more connected living community. As a result of this joint venture, Dash Living anticipates improved financial performance and a stronger market presence in the co-living sector, leveraging the benefits of shared amenities and community engagement among residents. This initiative is part of a broader strategy to solidify Dash Living's footprint in key urban areas across the region, including Singapore, Japan, and Australia.