Parkway Life REIT1 is engaged in investing primarily in income-producing real estate and/or real estate-related assets in the Asia-Pacific region, including Singapore that are used primarily for healthcare and healthcare-related purposes (including but not limited to, hospitals, healthcare facilities and real estate and/or real estate assets used in connection with healthcare research, education and the manufacture or storage of drugs, medicines, and other healthcare goods and devices), whether wholly or partially owned, and whether directly or indirectly owned through the ownership of special purpose vehicles whose primary purpose is to own such real estate.
The initial portfolio of the Company comprises The Mount Elizabeth Hospital Property, The Gleneagles Hospital Property and The East Shore Hospital Property. The Mount Elizabeth Hospital Property comprises Mount Elizabeth Hospital, which has 505 licensed beds, 30 medical center units and 363 carpark lots.
|Address||1 Grange Road, #11-01 Orchard Building Singapore 239693 Singapore|
- October 10, 2008 - Parkway Life Reit raises rentals in line with CPI2 - PARKWAY Life Reit's manager says it has raised the rent at Singapore hospitals under its portfolio by some 6.25 per cent, in line with the rise of the consumer price index (CPI).
- September 30, 2008 - Parkway Reit buys Japan nursing homes3 - PARKWAY Life Real Estate Investment Trust (P-Reit) said yesterday that it has agreed to buy seven nursing homes in Japan for a total of 7.85 billion yen (S$105.7 million).