Parkway Life REIT is selling P-Life Matsudo in Japan, an industrial property, for about S$37.1 million:

It is expected to recognise an estimated gain of about S$5.1 million, as Parkway Life Reit originally purchased the property at S$33.2 million in 2008.

The divestment is not expected to have any material impact on the consolidated net tangible assets or distributions per unit for the financial period ended Dec 31, 2020.