Investors - JUNE 24, 2020

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Warburg Pincus–backed Weave Co-Living expands into Singapore

by Andrea Zander

Hong Kong–headquartered co-living firm Weave Co-Living has plans to expand its operations internationally with a S$150 million ($108.1 million) equity investment in Singapore, reported Mingtiandi.

“The strategy is to go and acquire serviced apartments and hospitality assets,” Sachin Doshi, CEO of Weave Co-Living, told Mingtiandi in an exclusive interview. “We’re going to reposition them into co-living and rental accommodations. These assets will be repositioned, redesigned and rebranded into Weave properties.”

The joint venture plans to acquire two assets in Singapore by the end of 2020.

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