News

Commercial Property Healthcare

Staff Reporter

, Singapore

Published:

8 months ago

Logo from Parkway Life REIT

Parkway Life REIT acquires two nursing homes in Osaka for $16.4m

The REIT will acquire the property at approximately 11.9% below valuation.

Parkway Life Real Estate Investment Trust will acquire two nursing homes in Osaka for $16.4m.

In a bourse filing, the REIT said it entered a Tokumei Kumiai agreement or silent partnership to acquire HIBISU Shirokita Koendori and HIBISU Suita.

The REIT’s manager said the acquisition will be made at approximately 11.9% below valuation and will be completed by 4Q23.

The acquisition will bring Parkway Life REIT’s Japan portfolio to 59 with a value of $710.7m.

HIBISU Shirokita Koendori and HIBISU Suita were constructed in 2022 and 2023, respectively. Both freehold properties are Building-Housing Energy-efficiency Labelling System (BELS) certified.

The acquisition will also improve the REIT’s weighted average lease expiry by gross revenue from 16.7 years to 16.8 years.

Follow the link for more news on

Parkway Life REIT

Acquisitions

Also Read

High-specification warehouse in Pandan Road up for sale via EOI

United Hampshire US REIT achieves higher net property income of US$38.7m in 9M23

Since you're here...

...there are many ways you can work with us to advertise your company and connect to your customers. Our team can help you dight and create an advertising campaign, in print and digital, on this website and in print magazine.

We can also organize a real life or digital event for you and find thought leader speakers as well as industry leaders, who could be your potential partners, to join the event. We also run some awards programmes which give you an opportunity to be recognized for your achievements during the year and you can join this as a participant or a sponsor.

Let us help you drive your business forward with a good partnership!

I want to download the media kit

Top News

How will the new sale residential market perform in 2024?

There may be 38 launches next year.

Agribusiness

Reliance on finance influencers growing amongst Singaporeans: report

Proof of this is the 334% jump in social media mention of terms such as "savings."

Financial Services

Retirement planning takes a backseat amongst Singaporeans: OCBC

Only 2 in 10 Singaporeans are on track with their retirement plans.

Financial Services

Women, boomers to drive Singles Day sales in Singapore

Seven in 10 boomers have planned for the 11.11 shopping event weeks or months in advance.

Retail

Exclusives

Lylo elevates short term car rental services with care packages, delivery option

The company assures that renting a car in Singapore comes with convenience and peace of mind.

Transport & Logistics

Tokyo seeks “friendliest city” title for local, foreign startups

It looks to increase its number of unicorns and startups tenfold over the next 5 years.

Financial Services

Potential influx of expats from Hong Kong to spark demand for homes in prime districts

A Savills expert said Hong Kong expats are likely to purchase homes in District 9, 10, and 11.

Residential Property

Aampe innovates to help brands create relevant messages for unique consumers

The startup’s e-commerce client recorded a 6.7% incremental additional purchase events from consumers after generating relevant marketing messages.

Retail

Event News

Nominations are now ongoing for SBR International and National Business Awards 2024

Co-Written / Partner

Singapore Business Review is delighted to announce the opening of nominations for the highly anticipated SBR International Business Awards and National Business Awards 2024.

Manufacturing Hyundai Motor Group Innovation Centre SG looks into cell-based manufacturing

Aviation Boeing SEA president pegs S’pore as a vital contributor to aerospace innovation

SBR Technology Excellence Awards nominations are now open

Co-Written / Partner Nominations are now ongoing for SBR International and National Business Awards 2024

Singapore Business Review is delighted to announce the opening of nominations for the highly anticipated SBR International Business Awards and National Business Awards 2024.