- Business
- Parkway Life Real Estate Investment Trust (PLife REIT) is one of Asia's largest listed healthcare real estate investment trusts, primarily investing in income-producing real estate and real estate-related assets used for healthcare and healthcare-related purposes, including hospitals, healthcare facilities, nursing homes, care facilities, and pharmaceutical manufacturing and distribution properties; its core portfolio comprises three strategically located private hospitals in Singapore--Mount Elizabeth Hospital, Gleneagles Hospital, and Parkway East Hospital--along with strata-titled units in MOB Specialist Clinics Kuala Lumpur in Malaysia, 60 high-quality nursing home and care facility properties across various prefectures in Japan, and 11 nursing homes in six regions of France. Founded in 2007 and headquartered in Singapore, PLife REIT operates a diversified portfolio of 75 properties valued at approximately S$2.46 billion as at 31 December 2024, spanning Singapore, Japan, Malaysia, and France, with target customers including healthcare operators and providers seeking long-term leased assets featuring inflation-linked rent escalations and high committed occupancy. Recent major developments include the acquisition of 11 French nursing homes from DomusVi Group for €111.2 million in a sale-leaseback deal completed in late 2024, financed via a S$180 million private placement and supported by a strategic partnership with PAREF Group for investment management, asset management, and property services; an additional nursing home purchase in Osaka, Japan, from FDS for JPY 2.4 billion in July 2024; divestment of strata units in Malaysia in August 2025; and new board appointments in October 2025 to strengthen governance.