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First Reit to diversify into new markets post-restructuring

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Mr Lechner (left) says diversification can only come out of a stabilised situation of strength. Mr Tan says the restructured and recapitalised Reit will yield 11% based on its Dec 31 closing price.

Singapore

IF First Reit's restructuring and recapitalisation exercise proves successful, the manager intends to diversify its portfolio into new geographies - including nursing homes in Japan, hospitals in China and Myanmar, and other healthcare assets in Europe, the United Kingdom and...

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