Hong Kong-headquartered rental accommodation operator Weave Living has announced a partnership with Nuveen to acquire an en bloc property in Gwanghuidong, Jung-gu, Seoul for an investment value of KRW22.5 billion ($19.7 million). Weave Living did not share more details of the partnership.
The property will be converted into a 62-unit Weave Suites — the company’s signature serviced apartment brand. Scheduled to open in January 2027, the development will feature fully-furnished units, says Weave Living in a May 6 announcement.
