Warburg Pincus invests in Weave Living
Investors - FEBRUARY 26, 2024

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Warburg Pincus invests in Weave Living

by Andrea Zander

Warburg Pincus has invested in Weave Living, which operates rental accommodation units across Asia Pacific, reported media outlets.

The investment will help the firm’s expansion to more than 5,000 owned and managed units across markets such as Tokyo, Osaka, Seoul, Singapore and Hong Kong. Weave is on track to grow its assets under management to more than $3.5 billion in the near term.

The company's ventures include a S$188 million ($140 million) joint initiative with BlackRock for acquiring Citadines Mount Sophia in Singapore and launching Weave Living Japan Residential Venture I, targeting Japan's rental housing sector with $500 million in equity commitments. These ventures are supported by notable capital partners such as TPG, PGIM Real Estate, LaSalle Investment Management and Angelo Gordon, showcasing Weave's strong positioning and ambitious growth trajectory in the regional rental housing market.

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