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 the excerpt from report by UOB Kay Hian Research.
Clients of UOB Kay Hian may be the first to access the full report in PDF @ https://www.utrade.com.sg/.
Jonathan KOH CFA UOB Kay Hian Research | https://research.uobkayhian.com/ 2024-10-23
Previous report by UOB:
2024-07-30 Parkway Life REIT - 1H24 Results In Line With Expectations.
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 Dividends & Corporate Actions,
Parkway Life REIT News Articles
