J-REP Matsudo II

Parkway Life REIT makes maiden investment in Japan with S$35m deal

Parkway Life REIT has bought a pharmaceutical product distributing facility in Japan's Chiba prefecture for S$35 million. The trust says the investment is yield-accretive, with a net initial yield of 5.3 per cent. The facility, called J-REP Matsudo II, will also be used for manufacturing pharmaceutical products. The investment is Parkway Life REIT's first overseas venture and comes just seven months...

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