On 24th March 2016, Parkway Life REIT announces the purchase of a new nursing home facility, “Silver Heights Hitsujigaoka Ichiban-kan & Nibankan” for JPY1,100 million. This is approximately S$13.6 million.
Location
The nursing home facility is located in the residential neighborhood within Sapporo City, capital city of Hokkaido prefecture with a master lease of 20 years.
Net Property Yield
The newly acquired nursing home facility is expected to generate a net property yield of 6.7%.
Occupancy
Occupancy of the nursing home facility is healthy at 94%.
Gearing Ratio
The cost for the acquisition of the new nursing home will be funded via long-term JPY denominated debts. The benefits of this approach is natural hedging Parkway Life REIT against JPY foreign exchange fluctuations. With the acquisition, Parkway Life REIT gearing will increase from 36.6% to 37.1%.
Portfolio
With the newly addition, Parkway Life REIT will have 48 properties.
Singapore
- Mount Elizabeth Hospital
- Gleneagles Hospital
- Parkway East Hospital
Japan
Akita Prefecture:
- Sawayaka Sakurakan
Chiba Prefecture:
- Senior Chonaikai Makuhari Kan
- P-Life Matsudo
Fukuoka Prefecture:
- Hapine Fukuoka Noke
- Sawayaka Obatake Ichibankan
- Sawayaka Obatake Nibankan
- Sawayaka Shinmojikan
- Sawayaka Nogatakan
- Sawayaka Fukufukukan
- Sawayaka Mekari Nibankan
- Sawayaka Kiyotakan
- Habitation Jyosui
- Habitation Hakata I, II, III
Hyogo Prefecture:
- Palmary lnn Akashi
- Palmary Inn Suma
- Palmary Inn Shin-Kobe
Kanagawa Prefecture:
- Bon Sejour Shin-Yamashita
- Fureai no Sono Musashi Nakahara
- Ocean View Shonan Arasaki
Okayama Prefecture:
- Amille Nakasyo
Osaka Prefecture:
- Bon Sejour Ibaraki
- Fiore Senior Residence Hirakata
- Maison des Centenaire Ishizugawa
- Maison des Centenaire Haruki
- Iyashi no Takatsuki Kan
- Legato Higashi Sumiyoshi
- Legato Katano
- Royal Residence Gotenyama
- Happy Life Toyonaka
- Maison des Centenaire Hannan
- Sunhill Miyako
- Maison des Centenaire Ohhama
Saitama Prefecture:
- Smiling Home Medis Musashi Urawa
- Smiling Home Medis Koshigaya Gamo
- As Heim Nakaurawa
Hokkaido Prefecture:
- Sawayaka Higashikagurakan
- Liverari Shiroshi Hana Ichigo-kan
- Liverari Shiroshi Hana Nigo-kan
- Liverari Misono
- Silver Heights Hitsujigaoka Ichiban-kan & Nibankan
Ehime Prefecture:
- Sawayaka Niihamakan
Niigata Prefecture:
- Sawayaka Minatokan
Mie Prefecture:
- Sawayaka Seaside Toba
Aichi Prefecture:
- Excellent Tenpaku Garden Hills
Malaysia, Kuala Lumpur
- Gleneagles Intan Medical Centre, Kuala Lumpur