Parkway Trust Management , the manager of Parkway Life Real Estate Investment Trust, is investing in two nursing homes in Japan for some S$34m. One of the homes is located in Yokohama City, Kanagawa Prefecture and the other is in Ibaraki City, Osaka. The vendor of both properties is nursing home operator ZECS Community Co. Under the sale and leaseback agreements, ZECS CC will lease back 100% of the...
Parkway Life Reit
Mainboard-listed Parkway Life REIT has booked a distributable income of S$9.8 million for the first quarter. That works out to a distribution per unit (DPU) of 1.62 cents. All in, gross revenue hit S$11.9m on the back of sustained demand for private healthcare. The REIT's portfolio includes Mount Elizabeth Hospital, Gleneagles Hospital and East Shore Hospital. - CNA/ir Source : Channel NewsAsia - 6 May...
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...
Parkway Life Reit, which derives its revenue from the rental of healthcare space, will make its own independent assessment whether to acquire a new hospital whose site its parent company Parkway Holdings made a record bid for. The $1.25 billion bid by Parkway Holdings - about five times that of rival Raffles Medical - for the Novena site on which the hospital will be built has raised concerns among...