Brief: Parkway Trust Management announces divestment of four nursing home properties located in Japan

Parkway Life Real Estate Investment Trust

22/12/2016 10:07

Dec 22 (Reuters) - Parkway Trust Management Limited 
 PWLR.SI  
    * Divestment Of Four Nursing Home Properties Located In 
Japan 
    * Plife Reit through its special purpose entities in Japan 
entered into purchase and sale agreements with Fortress Japan 
Investment Holdings Llc 
    * Divestment for a total sale consideration of ¥3.72 billion 
(approximately s$48.9 million) 
    * Expected to recognise an estimated divestment gain of 
approximately s$5.2 million over net book value 
 
Source text for Eikon:  ID:nSNZb8n122  
Further company coverage:  PWLR.SI  
 
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