News about Parkway Life REIT —
Parkway Life REIT is announcing the purchase of two nursing homes in Osaka, Japan, for ¥1,766 million:
Following the acquisition, PLife REIT’s leverage ratio will increase from 35.3% (as at June 30, 2023) to approximately 35.8%. This figure is within the regulatory gearing limit for Singapore REITs under the Code on Collective Investment Schemes.