Parkway Life REIT’s wholly-owned Malaysia subsidiary Parkway Life Malaysia has entered a sale and purchase agreement for the divestment of strata units and lots at MOB Specialist Clinics in Kuala Lumpur for RM20.09 million ($6.09 million).

The property spans 2,444 metres square and has a freehold land tenure. There are three ground floor units, three medical consulting suite units and car park lots.

The REIT is expected to recognise a gain on disposal of investment of about $100,000. The property is currently Parkway Life Malaysia’s sole asset and contributes 0.2% to its asset value.