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Weave Living acquires Rich Tower near Seoul University

PRIVATESep 06, 20261 day ago

Acquiring Company

WEAVE LIVING

Acquired Company

Rich Tower

Salt Lake CitySouth KoreaHospitalityHotelReal Estate

Description

Weave Living has completed its acquisition of Rich Tower, a residential property near Seoul National University, in partnership with GIC. This acquisition adds 78 apartments to Weave's portfolio, as the company continues to expand its presence in the Korean rental housing market. The property is expected to cater to the growing number of foreign students attending the university.

Company Information

Company

WEAVE LIVING

Location

Salt Lake City, Utah, United States

About

WEAVE LIVING is Asia-Pacific’s leading specialist in the living sector, focusing on premium residential experiences. The company develops and manages high-quality rental properties across key urban locations in Japan. Their offerings include a variety of upscale living options, catering to diverse tenant demographics. WEAVE LIVING aims to redefine urban living with modern, fully-furnished residences.

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Based on deal data
Integration timeline
70% of M&A integrations take 12-24 months to complete
Tech stack consolidation
83% of merged companies consolidate technology vendors within first year
Post-acquisition investment
Companies increase IT spending by 23% on average after acquisitions
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Frequently asked

Who acquired Rich Tower?

Rich Tower was acquired by WEAVE LIVING, based in Salt Lake City. The deal was reported on September 6, 2026. WEAVE LIVING is Asia-Pacific’s leading specialist in the living sector, focusing on premium residential experiences. The company develops and manages high-quality rental properties across key urban locations in Japan. WEAVE LIVING is privately held and operates in Hospitality.

When did WEAVE LIVING acquire Rich Tower?

WEAVE LIVING's acquisition of Rich Tower was reported on September 6, 2026. Weave Living has completed its acquisition of Rich Tower, a residential property near Seoul National University, in partnership with GIC. Fundz records the date the transaction was first publicly reported, sourced from filings and company announcements.

What does Rich Tower do?

Rich Tower is a residential property located near Seoul National University, featuring 78 apartments and office units. The building was developed by Yoo Jun-ho and is part of a commercial district close to the university. It is privately held, operating in Real Estate, and is based in South Korea.

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