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Parkway Life Real Estate Investment Trust announces acquisition of three properties located in Japan

Thursday, 13 Mar 2014 05:42am EDT 

Parkway Life Real Estate Investment Trust:Say HSBC Institutional Trust Services (Singapore) Limited, as trustee of Parkway Life REIT has through its subsidiary, Parkway Life Japan2 Pte. Ltd entered into two Tokumei Kumiai agreements with the TK Operators.In relation to the acquisition of two nursing homes and one extended-stay lodging facility for the elderly located in Japan by the TK Operators.Total purchase price of about 3,000,000,000 yuan (about S$37.4 mln).Completion is expected to take place by June. 

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