Warburg Pincus–backed Weave Co-Living expands into Singapore
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.