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Parkway Life REIT: Extend Strategic Collaboration For Singapore Hospitals With IHH Healthcare.
14 Jul 2021 17:26New Master Lease Agreements for three Singapore Hospitals, extended term of ~20 years to 31 December 2042 provides business continuity and stability of operations for IHH Healthcare Singapore and sustained rental income stream for PLife REIT. S$150 million Renewal Capex Agreement will enhance the Singapore Hospitals to sustain competitiveness and ride the growth potential of Singapore's healthcare industry. ROFR agreement for Mount Elizabeth Novena Hospital Property signifies alignment of interests, paving the way for future collaboration between IHH Healthcare Singapore and PLife REIT...
More information available here.
Source: ShareInvestor Express
