Weave Living, KKR partnership makes first property acquisition
Transactions - APRIL 10, 2024

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Weave Living, KKR partnership makes first property acquisition

by Andrea Zander

Weave Living has successfully acquired its first property in Seoul under its urban living strategic partnership with KKR, according to a LinkedIn post.

The prominent en-bloc property is located in a residential neighborhood, near the Yeouido Business District (YBD), Seoul’s main financial center. There is direct subway access to the Gangnam area, and popular neighborhoods such as Hapjeong and Hongdae are a 10-minute drive away, offering an array of dining, entertainment, and cultural lifestyle choices to residents. Door-to-door airport transit services to both Gimpo and Incheon Airports give residents airport accessibility.

The property will be launched as a flagship Weave Suites offering, one of Weave’s four consumer brands.

The asset totals 9,318 square meters (100,298 square feet), including a 31-space car park and 157 accommodation

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