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Parkway Life Reit sells Japan nursing homes

Sat, Dec 27, 2014 - 5:50 AM

Cai Haoxianghaoxiang@sph.com.sg@HaoxiangCaiBT

Singapore

PARKWAY Life Reit, which owns Singapore's Mount Elizabeth Hospital, has divested seven nursing homes in Japan for 7.95 billion yen (S$88.3 million). The sale price is about 28.1 per cent higher than the original purchase price, 16.1 per cent higher than the book value and 8.3...

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