Parkway Life REIT sells Japan nursing home for 9.4 million Singapore dollars

SGX Filings

Jun 30

Parkway Life Real Estate Investment Trust announced on Jun, 30 2026 that it has completed the divestment of a nursing home in Hyogo Prefecture, Japan, for 9.4 million Singapore dollars.

The price is about 38% higher than the asset’s 2008 acquisition cost and 5% above its independent valuation dated Dec, 31 2025. The transaction is expected to generate a pre-tax disposal gain of roughly 0.6 million Singapore dollars.

The buyer is K.K. Etoile, the property’s existing operator and a subsidiary of the Yoshimei Group. Parkway Life REIT said the sale, part of its ongoing portfolio optimisation and asset-recycling strategy, allows it to unlock value from a mature asset and reduce future capital expenditure.

Following the deal, the trust’s portfolio stands at 74 properties with a combined value of about 2.6 billion Singapore dollars across Singapore, Japan and France.

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