Parkway Life REIT Purchase New Japan Nursing Home

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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.


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 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%.


With the newly addition, Parkway Life REIT will have 48 properties.


  • Mount Elizabeth Hospital
  • Gleneagles Hospital
  • Parkway East Hospital


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

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