Entry into third core market France.
- Parkway Life REIT (SGX:C2PU) has entered into a sale and leaseback arrangement with DomusVi, the third largest aged care operator in Europe. It will acquire 11 nursing home properties with 850 beds in France for €111.2m (S$159.9m), representing a discount of 3.6% compared with Cushman & Wakefield’s valuation of S$165.8m. The properties will be leased to and operated by DomusVi for 12 years upon completion of the acquisition, which is expected by 4Q24.
Highly regulated with high barriers to entry.
- Read more at SGinvestors.io.
Above is an excerpt from a report by UOB Kay Hian Research.
Clients of UOB Kay Hian may be the first to access the full PDF report @ https://www.utrade.com.sg/.
Jonathan KOH CFA UOB Kay Hian Research | https://research.uobkayhian.com/ 2024-10-23
Read also UOB's most recent report:
2026-05-13 Parkway Life REIT - Rejuvenated Mount Elizabeth Hospital Rides Healthcare Growth.
Previous report by UOB:
2026-02-04 Parkway Life REIT - 18th Year Of Uninterrupted DPU Growth.
Price targets by 2 other brokers at Parkway Life REIT Target Prices.
Listing of research reports at Parkway Life REIT Analyst Reports.
Relevant links:
Parkway Life REIT Share Price History,
Parkway Life REIT Announcements,
Parkway Life REIT Dividend Payout Dates & Corporate Actions,
Parkway Life REIT News
