Cove Announces Its First Acquisition of Casa Mia Coliving, Strengthens Leadership in Asia Pacific

Jakarta, January 29 2026 – Closing 2025, small bay, housing provider living together community-based modern in Asia Pacific, announced the decision his first acquisition over the operator living together from Singapore, Casa Mia Coliving. This step strengthens Cove’s position as an operator living together the largest in Asia Pacific, with a combined portfolio that now reaches more than 8,000 rooms across Asia Pacific.

“The integration of the Casa Mia property and team into the Cove platform will drive significant operational synergies, while increasing our overall service standards. This acquisition also brings additional resources that will accelerate our expansion in the Asia Pacific region,” said Luca Bregoli, Co-Founder, Cove.

Founded in 2019, Casa Mia has built a strong reputation among young professionals for quality and consistent business growth. Apart from providing housing fully furnished And served, Cove and Casa Mia share an equal commitment to neighborhood community development living together. Together with the increasing variety of quality properties and operational capabilities of Casa Mia which is certified by the Building and Construction Authority (BCA) of Singapore, the residents’ living experience will also be further enriched by the expertise of both parties in developing community programs that are integrated and implemented across markets, including Indonesiaaccording to the character of urban lifestyle in each country.

Post acquisition, the combined business operating under the Cove brand is projected to record annual rental income of USD 50 million. This figure reflects approx 50 percent of Cove’s annual growth (YoY), both in terms of revenue and number of units in 2025. This acquisition also brings Cove closer to achieving positive cash flow, continuing its performance showing profitability in the second half of 2025 amidst the company’s large investment to explore the Japanese and South Korean markets simultaneously.

“We believe that Cove offers the best home for residents and the Casa Mia team, supporting our core mission while being part of a platform that shares the same values ​​and vision regarding the direction of residential development and the urban living experience,” said Eugenio Ferrante, Co-Founder, Casa Mia Coliving.

About Cove

Cove is a residential provider living together modern community-based in Asia Pacific. Designed for a flexible lifestyle, the Cove portfolio includes ready-to-move-in properties with complete facilities and strategic locations that can be rented on a monthly or daily basis. As a major co-living player in Indonesia, Cove is now present in more than 200 locations and is the choice for more than 30,000 residents and tourists every month.

Founded in 2018 in Singapore, Cove began operating in Indonesia in 2020 and now has a property network covering the Jabodetabek, Bandung, Bali and Surabaya areas. Apart from Singapore and Indonesia, Cove has expanded its operations to Japan and South Korea as a form of expansion in Asia Pacific.

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