{"id":51599,"date":"2026-07-16T04:23:15","date_gmt":"2026-07-16T04:23:15","guid":{"rendered":"https:\/\/www.europesays.com\/australia\/51599\/"},"modified":"2026-07-16T04:23:15","modified_gmt":"2026-07-16T04:23:15","slug":"ultimo-deal-paves-way-for-weave-livings-australian-pbsa-debut","status":"publish","type":"post","link":"https:\/\/www.europesays.com\/australia\/51599\/","title":{"rendered":"Ultimo Deal Paves Way for Weave Living\u2019s Australian PBSA Debut"},"content":{"rendered":"<p>Vertically integrated living company Weave Living has made its Sydney debut with the acquisition of an operational student accommodation asset at Ultimo.\u00a0<\/p>\n<p>The Hong Kong-headquartered company signalled its move to Australia last year with the acquisition of a Glebe site, where it plans to begin construction in October.\u00a0<\/p>\n<p>Weave Living founder Sachin Doshi (pictured above) said it was Weave Living\u2019s first foray into Sydney\u2019s purpose-built student accommodation sector, after the launch of two Hong Kong Weave Campus assets (pictured below).\u00a0<\/p>\n<p>The new Weave Campus asset is next to the University of Technology Sydney and the University of Sydney, and will undergo a staged redesign and repositioning in September.<\/p>\n<p>\u201cThe asset will transition to Weave\u2019s vertically integrated platform and welcome students into our eco-system from the start of academic year 2027 under our recently revealed Campus brand offering,\u201d Doshi announced on LinkedIn.\u00a0<\/p>\n<p>The Glebe asset would comprise about 80 studio apartments under the Suites brand.\u00a0<\/p>\n<p><img decoding=\"async\" src=\"https:\/\/www.europesays.com\/australia\/wp-content\/uploads\/2026\/07\/Weave_Campus_Hong_Kong.jpg\" alt=\"Images of student accommodation brand Weave Campus assets in Hong Kong. \"\/>\u25b2 Weave has two Campus student accommodation assets in Hong Kong.<\/p>\n<p>\u201cThe Australian living sector remains structurally fragmented and operationally underserved,\u201d Doshi said. <\/p>\n<p>\u201cWe believe Weave Living\u2019s unique, vertically integrated model, leveraging our near-decade of experience operating across multiple developed APAC geographies and backed by industry-leading proprietary digital platforms, truly sets us apart.\u00a0<\/p>\n<p>\u201cWe have been greatly encouraged by the strong domestic and offshore capital interest to partner with Weave in Australia and are on track to reveal our first institutional capital partnership in the country in the [near] future.\u201d<\/p>\n<p>Doshi said the Weave Living Australia team would be growing to enable the business to \u201crapidly scale our project pipeline and capital partnerships in Australia\u201d.<\/p>\n<p><a data-mce-href=\"https:\/\/events.theurbandeveloper.com\/pbsa-summit\/\" href=\"https:\/\/events.theurbandeveloper.com\/pbsa-summit\/\" target=\"_blank\" rel=\"noopener nofollow\"><img decoding=\"async\" src=\"https:\/\/www.europesays.com\/australia\/wp-content\/uploads\/2026\/07\/PBSA.jpg\" alt=\"PBSA Summit 2026 https:\/\/events.theurbandeveloper.com\/pbsa-summit\/\"\/><\/a><\/p>\n<p>The vertically integrated living assets owner-operator is active in Seoul, Tokyo, Singapore, Hong Kong and now Sydney.\u00a0<\/p>\n<p>The Ultimo area is awash with student accommodation operators, including Scape, Iglu and UniLodge.\u00a0<\/p>\n<p>Late last year, one of Japan\u2019s biggest accommodation developers announced it would <a data-mce-href=\"https:\/\/www.theurbandeveloper.com\/articles\/samty-swoops-on-unilodge-greystar-scape\" href=\"https:\/\/www.theurbandeveloper.com\/articles\/samty-swoops-on-unilodge-greystar-scape\" target=\"_blank\" rel=\"noopener nofollow\">acquire a majority interest in UniLodge<\/a>, while Iglu&#8217;s major shareholder GIC is shopping for a capital partnership to join the fold in the $2.2-billion business.\u00a0<\/p>\n","protected":false},"excerpt":{"rendered":"Vertically integrated living company Weave Living has made its Sydney debut with the acquisition of an operational student&hellip;\n","protected":false},"author":2,"featured_media":51600,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[5],"tags":[23,3767,7771,3032,2416,355,11112,12799,247],"class_list":["post-51599","post","type-post","status-publish","format-standard","has-post-thumbnail","category-sydney","tag-australia","tag-deal","tag-hong-kong","tag-institutional-investment","tag-japan","tag-new-south-wales","tag-site-acquisition","tag-student-accommodation","tag-sydney"],"_links":{"self":[{"href":"https:\/\/www.europesays.com\/australia\/wp-json\/wp\/v2\/posts\/51599","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.europesays.com\/australia\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.europesays.com\/australia\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/australia\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/australia\/wp-json\/wp\/v2\/comments?post=51599"}],"version-history":[{"count":0,"href":"https:\/\/www.europesays.com\/australia\/wp-json\/wp\/v2\/posts\/51599\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/australia\/wp-json\/wp\/v2\/media\/51600"}],"wp:attachment":[{"href":"https:\/\/www.europesays.com\/australia\/wp-json\/wp\/v2\/media?parent=51599"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.europesays.com\/australia\/wp-json\/wp\/v2\/categories?post=51599"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.europesays.com\/australia\/wp-json\/wp\/v2\/tags?post=51599"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}