Page 43 - ar2012

Annual Report FY2012 ParkwayLife REIT
41
Note:
1The property was valued by Colliers International using the Direct Income, Cost and Discounted Cash Flow Approaches. Based on an exchange rate of S$1.00
to 70.18 units JPY.
Smiling Home Medis Koshigaya Gamo is a freehold 6-storey paid nursing home with care service
consisting of 100 units.
Located along the Tobu Isesaki Line, Smiling Home Medis Koshigaya Gamo is within a short
walk from Gamo station and is near Dokkyo Medical University Koshigaya Hospital and Minami
Koshigaya Kenshinkai Clinic.
As Heim Nakaurawa is a freehold 4+1 (basement) storey paid nursing care home with care service
consisting of 64 units.
Well nestled in a residential area with large parks providing a natural green environment, the
property is approximately 8 minutes walk from JR Saikyo line “Nakaurawa” Station.
Smiling Home Medis Koshigaya Gamo
2-2-25, Gamonishimachi, Kosigaya-ku,
Saitama Prefecture, Japan
As Heim Nakaurawa
2-21-9, Nishibori, Sakura-ku
Saitama Prefecture, Japan
Key Statistics Smiling Home Medis Koshigaya Gamo As Heim Nakaurawa
Land Tenure
Land Area
Net Lettable Area
Number of Units (Rooms)
Year of Completion
Committed Occupancy
Name of Lessee (s)
Appraised Value
(as at 31 December 2012)
Gross Revenue (2012)
Purchase Price
Year of Purchase
Freehold
1,762 sq m
2,692 sq m
64
2006
100.0%
K.K. As Partners
¥ 964 million (S$13.7 million)1
¥ 67,200,000
(1.1% of Total Gross Revenue)
¥ 833 million (S$13.05 million)
2010
Freehold
1,993 sq m
3,824 sq m
100
1989;
Conversion works were completed in 2005
100.0%
Medis Corporation
¥ 1,310 million (S$18.7 million) 1
¥ 91,260,000
(1.6% of Total Gross Revenue)
¥ 1,321 million (S$17.80 million)
2008