Perennial unit clinches deal for eldercare health facility in Fengxian

Singapore

SHANGHAI RST Chinese Medicine Co (Renshoutang), which is 49.9 per cent owned by Perennial Real Estate Holdings, was awarded the contract to operate an integrated eldercare, medical care and rehabilitation care facility in Fengxian District, Shanghai.

Expected to open in Q3 2018, the 768-bed Fengxian Second Welfare Home is expected to be the first and largest facility of its kind in Shanghai's Fengxian District.

It will also be the first government-built-privately-operated facility there. Located at No 89, Wanghe Road, it is situated in a densely populated suburb, about two kilometres from the Fengx…