Two More Japanese Retirement Homes for Parkway REIT

News about Parkway Life REIT

There's no stopping Parkway Life REIT from expanding its portfolio of Japanese nursing homes with two more properties being added:

Newly-built in 2021, the Properties are freehold and well-located in residential areas of Tokyo and Chiba Prefectures with good connectivity and close proximity to the Tokyo Centre. The acquisition will see PLife REIT taking over the existing lease agreements of the Properties, with an average long balance lease term of approximately 29 years.

The ¥2,880 million purchase is expected to be yield-accretive.

Parkway Life REIT
Price3.580 SGD
NAV2.310 SGD
Yield (4 quarters)4.13%