The other two assets are already in operation, providing well-established infrastructure with convenient access to nearby hospitals and amenities.
On March 10, Warburg Pincus, SK D&D, one of South Korea’s largest multifamily operators and developers, and D&D Investment, the subsidiary asset management arm of SK D&D, announced that they have signed a joint agreement to invest in the senior housing market in South Korea. This partnership will focus on acquiring and developing senior housing for the senior population in the Greater Seoul Area.
The venture is seeded with three high-quality, strategically located assets in Seoul’s most amenitised districts, catering to the rapidly growing elderly population. The first project, situated in Bangbae-dong, Seocho-gu, within Seoul’s core Gangnam residential district, will be developed into a 12-story high-end assisted living facility spanning over 10,000 square meters. Construction is scheduled to begin in early 2026, with completion targeted for 2028.
