Weave Living and KKR Establish Urban Living Strategic Partnership in South Korea
KKR & Co. Inc. (KKR)
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Source: Business Wire
The venture will target to build an initial portfolio of c.1,200 units primarily in Seoul SEOUL, South Korea--(BUSINESS WIRE)--WEAVE LIVING (“Weave”), Asia Pacific’s preeminent living sector specialist, and KKR, a leading global investment firm, today announced the establishment of a strategic partnership to invest in rental housing assets in South Korea, with a focus on Seoul. The strategic partnership will target to build a rental housing asset portfolio of c.1,200 units with the initial tranche of capital and the strategic partners intend to scale this program over time as opportunities emerge.This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20240325866051/en/Cityscape at Night in Seoul, South Korea (Photo courtesy of Freepik)This transaction marks KKR’s first investment program in the rental housing sector in South Korea. KKR will hold a majority stake in the strategic partnership, while Weave will hold the remaining min
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