Announced
Financials
Sources
Tags
Completed
Singapore
Real Estate Services
real estate developer
real estate sector
Majority
Joint Venture
Private
commercial real estate
Private Equity
Friendly
Acquisition
Single Bidder
Synopsis
Private equity firm Warburg Pincus-backed Weave Co-Living, a co-living rental accommodation provider and 32RE, a property investment manager, agreed to set up a $500m joint venture in Singapore. “We are delighted to partner with Weave, Asia’s leading lifestyle-focused rental accommodation provider, in their first foray outside Hong Kong. Together, we look forward to building a 600-unit, Weave-branded and operated portfolio of properties in Singapore’s main social and commercial hubs,” Jeremy Choy, 32RE Co-Founder and CEO.
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