Warburg Pincus, one of South Korea’s largest multifamily operators and developers, and D&D Investment, the subsidiary asset management arm of SK D&D, have signed a joint agreement to invest in the senior housing market in South Korea. This partnership will focus on acquiring and developing senior housing for the senior population in the greater Seoul area.
The venture is seeded with three high-quality assets. The first project, situated in Bangbae-dong, Seocho-gu, within Seoul’s core Gangnam residential district, will be developed into a 12-story high-end assisted living facility spanning more than 10,000 square meters (108,000 square feet). Construction is scheduled to begin in early 2026, with completion targeted for 2028.
The other two assets are already in operation.
The partnership with SK D&D Investment marks the third venture in South Korea through Warburg Pincus Asia Real Estate Fund, following the partnership with Wide Creek Asset Manage
