SEO Version
Annual Report FY2012
ParkwayLife REIT
Note:
1
The property was valued by Knight Frank Pte. Ltd. using Capitalisation and Discounted Cash Flow Approaches.
The
Mount Elizabeth Hospital
Development comprises Mount Elizabeth Hospital, a medical centre
and car parks. Mount Elizabeth Hospital is made up of a 10-storey block and a 5-storey block as
well as car park lots. The medical centre comprises a 17-storey medical and retail block with a total
of 232 strata units and a car park on the 4th to 8th storey. All the blocks are linked by a common
podium with basement car park.
Parkway Life REIT owns 56.71% of the total share value of the strata lots in Mount Elizabeth Hospital
Development, representing the Mount Elizabeth Hospital which has 345 beds, 30 strata units and
363 car park lots.
The
Gleneagles Hospital
Development comprises Gleneagles Hospital, a medical centre and car
parks. Gleneagles Hospital is made up of a 10-storey block with 2 basements and a 5-storey
annexe block. The medical centre is a 10-storey block with 3 basements and comprises 164 strata
units from the 2nd to 10th storey. The car parks with an aggregate of 402 car park lots are located
at basement 2 to 1st storey of the hospital building and basement 3 to 1st storey of the medical
centre within the compound of the development.
PLifeREIT owns 69.05%of the total share value of the strata lots inGleneaglesHospital Development,
representing the Gleneagles Hospital which has 272 beds, 10 strata units and 121 car park lots.
Mount Elizabeth Hospital
3 Mount Elizabeth, Singapore 228510
Gleneagles Hospital
6 Napier Road, Singapore 258499 and
6A Napier Road Singapore 258500
Key Statistics
Mount Elizabeth Hospital
Gleneagles Hospital
Land Tenure
Strata Area of Property
Number of beds
Number of Strata units
Number of Car Park lots
Year of Completion
Committed Occupancy
Name of Lessee(s)
Appraised Value
(as at 31 December 2012)
Gross Revenue (2012)
Purchase Price
Year of Purchase
Leasehold of 67 years from 23 August 2007
58,139 sq m
345
232, of which 30 are owned by PLife REIT
363
Hospital building - 1979
Medical Centre - 1979 and 1992
100.0%
Parkway Hospitals Singapore Pte. Ltd.
S$620 million
1
S$36,073,281
(38.5% of Total Gross Revenue)
S$524.43 million
2007
Leasehold of 75 years from 23 August 2007
49,003 sq m
272
164, of which 10 are owned by PLife REIT
402, of which 121 are owned by PLife REIT
Hospital Building - 1991 and 1993
Annexe Block - 1979
Medical Centre - 1991 and 1993
100.0%
Parkway Hospitals Singapore Pte. Ltd.
S$313 million
1
S$18,800,265
(20.0% of Total Gross Revenue)
S$216.0 million
2007
Hospitals
25
OUR PROPERTIES
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