Habyt, a privately owned company headquartered in Germany, was founded in 2017 and employs approximately 170 individuals. The company specializes in the development and management of community-driven and technologically enabled co-living spaces.
Habyt sold its Asia Pacific (Apac) business, which includes operations in Singapore and Hong Kong previously under the Hmlet brand, to FL Japan Holdings, a subsidiary of Japanese developer Mitsubishi Estate Co. The deal is estimated at "several billion yen," as Nikkei Asia reported on April 25. Yoan Kamalski, who founded Hmlet in 2016, returned as the flexible living operator's Apac CEO following the transaction. Mitsubishi Estate Co. Ltd. completed the acquisition of Habyt GmbH's Asia Pacific Operations on April 27, encompassing approximately 1,000 units in Singapore and Hong Kong. Habyt announced the sale on the same day, stating it transitions to an asset-light model in the region. Kamalski expressed that Hmlet 2.0 aims to establish a "fully integrated technology-driven flexible-living ecosystem."
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