PLife Reit scouring region for new opportunities

PARKWAY Life Reit (PLife Reit), which hit a quarterly record high in distribution per unit (DPU) for fiscal second quarter, is actively seeking new opportunities in the region.

It now wants to consolidate its assets in Japan to generate operating synergies and achieve greater cost savings, following its recent acquisitions there.

"The overall growing demand for quality private healthcare facilities and services as well as increased healthcare expenditure in Asia paints a positive outlook for the regional healthcare industry over the next few years," said Yong Yean Chau, chief executive of Parkway Trust Management, the Reit's manager.