Weave Living and KKR Establish Urban Living Strategic Partnership in South Korea
WEAVE LIVING (“Weave”), Asia Pacific’s preeminent living sector specialist, and KKR, a leading global investment firm, today announced the establishment of a strategic partnership to invest in rental housing assets in South Korea, with a focus on Seoul.
- WEAVE LIVING (“Weave”), Asia Pacific’s preeminent living sector specialist, and KKR, a leading global investment firm, today announced the establishment of a strategic partnership to invest in rental housing assets in South Korea, with a focus on Seoul.
- View the full release here: https://www.businesswire.com/news/home/20240325866051/en/
Cityscape at Night in Seoul, South Korea (Photo courtesy of Freepik)
This transaction marks KKR’s first investment program in the rental housing sector in South Korea. - The portfolio of assets will operate under the Weave Living brand umbrella, and Weave intends to offer its full repertoire of brand options which includes four consumer brands — WEAVE STUDIOS, WEAVE PLACE, WEAVE SUITES and WEAVE RESIDENCES — to renters in South Korea to cater to the diverse needs of prospective tenants.
- Together, we look forward to leveraging our respective skills to expand this strategic partnership to better serve our tenants over the long term.”
Sachin Doshi, Founder and Group CEO of WEAVE LIVING said: “Weave is excited to join forces with KKR to establish a foothold in the dynamic living sector in South Korea.