JAPANESE RENTAL HOUSING MANAGEMENT COMPANY BUYS WALDORF SERVICED APARTMENTS
Sydney, Australia, 2017-Feb-01 — /EPR Network/ — Daiwa Living Management Co. Ltd (DLM), one of the largest Rental Hosing management companies together with Cosmos Initia Co, Ltd (CI), a Residential Developer in Japan, have jointly purchased 75% of Waldorf Australia and New Zealand Group.
Waldorf is a privately owned company which commenced operations in Sydney in 1982. Since then, the business has grown to more than 1,500 apartments and operates in Sydney, Central Coast, Canberra, Leura, Geraldton, Perth and Auckland.
Waldorf is currently one of the largest Serviced Apartment operators in Australasia.
DLM manages approximately 500,000 rental housing properties across Japan.