SINGAPORE (June 24): Hong Kong-based Weave Co-Living, a lifestyle-focused rental accommodation provider, is making its debut in Singapore with a planned investment of $500 million. It has found a partner in Singapore-based fund management firm 32RE. Weave will hold an 80% stake in the joint venture, while funds managed by 32RE will hold the balance 20%. Together, both partners are committing a total equity of $150 million.

Have a premium account? Sign in to continue reading.

Unlimited access to all stories from $99.9/year*

The latest reporting and analysis from business and investments to news and views on social issues.

Bonus:

  • Simultaneous logins across all devices
  • Instant access to past digital issues
  • Unlimited access to The Edge Malaysia
  • *For annual subscription plan only. T&Cs apply

Subscribe