Warburg Pincus, SK D&D to invest in senior housing in South Korea

This marks the third venture in South Korea through Warburg Pincus Asia Real Estate Fund.

Warburg Pincus, SK D&D, and D&D Investment has formed a partnership to invest in the senior housing market in South Korea.

The partnership will focus on acquiring and developing senior housing for the senior population in the Greater Seoul Area.
.
The venture involves three projects with one located in Bangbae-dong, Seocho-gu, Seoul, to be developed into a 12-story high-end assisted living facility spanning over 10,000 square meters.

The other two assets are already in operation, providing well-established infrastructure with convenient access to nearby hospitals and amenities.

The partnership marks the third venture in South Korea through Warburg Pincus Asia Real Estate Fund.