Cove co-founders Guillaume Castagne and Luca Bregoli
Cove has announced the acquisition of Casa Mia Coliving for an undisclosed sum, adding around 500 fully furnished rooms to its Singapore network and strengthening its position in the city-state’s co-living market.
The deal brings Cove’s total to more than 2,000 rooms in Singapore and over 8,000 across Asia Pacific. The additional Casa Mia units, which are mainly located in central areas such as River Valley and Orchard, will expand the Cove Classics co-living range.
Cove said the purchase will also enhance its operational capacity through Casa Mia’s BCA-certified facility management team, which will join the company after the transaction closes.
Once the integration is complete, the combined business will operate under the Cove brand.
Cove expects the enlarged group to generate more than US$50 million in annualised rental income in 2025. The company stated that this represents approximately 50 per cent year-over-year growth in revenue and inventory, driven by both new openings and acquisitions.
Cove also said the acquisition will bring the business closer to being free cash flow positive. The company reported a profitable second half of 2025, despite significant spending to support its launches in Japan and South Korea.
Management said these results, combined with the Casa Mia deal, strengthen its financial position as it enters 2026.
Luca Bregoli, Co-Founder of Cove, said the acquisition aligns with the company’s focus on scale and efficiency. “This acquisition reinforces our leadership and commitment to the Singapore market … Integrating Casa Mia’s properties and team into our platform will drive significant operational synergies, while also enhancing our service delivery. This deal also unlocks additional resources to accelerate our expansion across the Asia Pacific.”
Casa Mia, founded in 2019, offers move-in-ready accommodation for young professionals. The company has reported strong margins and steady expansion during the past several years.
Co-Founder Eugenio Ferrante said the deal will support Casa Mia’s original goals. “We believe Cove offers the best possible home for our Casa Mia members and for us as a team, to continue our original mission of making it easy for young professionals to move to Singapore and find quality accommodation.”
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For current tenants and property partners of both brands, Cove said it expects a smooth transition with no changes to existing arrangements or service delivery.
Founded in 2018 by Guillaume Castagne and Bregoli, Cove is a flexible-stay platform offering long-, medium- and short-term rental options across Asia Pacific.
It operates in Singapore, Indonesia, South Korea and Japan, providing serviced accommodation aimed at residents seeking convenience and stability. Cove is backed by investors including Keppel, Eurazeo, Picus Capital, Venturra, Xander and Antler.
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Image Credit: Cove
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