Hmlet and Mitsubishi Estate had established Hmlet Japan in October 2019. The reacquisition by FL Japan Holdings, a wholly owned subsidiary of Mitsubishi Estate brings the total number of units under management in the region to 2,915 units. This comprises 1,609 units under Hmlet Japan, 245 units under Blueground Japan, and 829 units in Singapore and 232 units in Hong Kong under Habyt Apac.
Co-living operator Hmlet’s co-founder Yoan Kamalski returned to the helm in April after Mitsubishi Estate-backed Hmlet Japan acquired Habyt’s Asia Pacific (Apac) operations. The deal reverses a 2022 merger between the Hmlet and the European co-living operator, restoring Hmlet’s control of its Singapore and Hong Kong operations.
Kamalski had left Hmlet in 2021 amid an exodus among the Singapore-based start-up’s top executives and a sharp fall in demand owing to the pandemic. Hmlet would later exit Malaysia and Thailand, before merging with Habyt in April 2022 as part of the brand’s expansion into this region.
