Parkway Life REIT - UOB Kay Hian 2024-10-23: Maiden Acquisition In Third Core Market France

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/.

Read also UOB's most recent report:
2025-02-17 Parkway Life REIT - Oasis Of Calm Sheltered From Threats Of Tariffs.

Price targets by 2 other brokers at Parkway Life REIT Target Prices.

Listing of research reports at Parkway Life REIT Analyst Reports.

Relevant links:
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