Weave Living and KKR Establish Urban Living Strategic Partnership in South Korea - Seite 2

The strategic partnership is the latest milestone for KKR’s real estate platform in Asia Pacific. To date, KKR has completed more than 20 transactions in the region across a range of segments including mixed use, commercial, industrial, hotel, office and retail properties. South Korea is an important part of KKR’s Asia Pacific real estate strategy, and today, KKR manages several assets in the country including, but not limited to, office towers located in Seoul’s central business district, and logistics centres located across the country.

This latest strategic partnership follows Weave Living’s recent announcements including upsized investment from its existing shareholders – Warburg Pincus and Founder Sachin Doshi, further expansion in Japan, where it recently (March 2024) opened three assets and acquired two new assets in prime locations in Tokyo, bringing the company’s Japan-based offerings to 11 locations. South Korea is Weave’s fourth market in Asia Pacific, following Hong Kong, Singapore, and Japan, establishing it as the preeminent living sector specialist in the region. Weave opened its Seoul office in June 2023 and currently has seven team members based there, with plans to double its headcount this year.

About Weave Living

Founded in 2017 by Sachin Doshi as a response to the gap in the market for beautifully designed and professionally managed living options, WEAVE LIVING currently owns and operates c. 2,500 rental accommodation units across the Asia-Pacific region under its four consumer brands — WEAVE STUDIOS, WEAVE PLACE, WEAVE SUITES and WEAVE RESIDENCES — catering to a broad and diverse demographic of urbanites and professionals in key gateway cities.

About KKR

KKR is a leading global investment firm that offers alternative asset management as well as capital markets and insurance solutions. KKR aims to generate attractive investment returns by following a patient and disciplined investment approach, employing world-class people, and supporting growth in its portfolio companies and communities. KKR sponsors investment funds that invest in private equity, credit and real assets and has strategic partners that manage hedge funds. KKR’s insurance subsidiaries offer retirement, life and reinsurance products under the management of Global Atlantic Financial Group. References to KKR’s investments may include the activities of its sponsored funds and insurance subsidiaries. For additional information about KKR & Co. Inc. (NYSE: KKR), please visit KKR’s website at www.kkr.com. For additional information about Global Atlantic Financial Group, please visit Global Atlantic Financial Group’s website at www.globalatlantic.com.