In December 2014, PLife REIT embarked on its
maiden divestment of the following 7 Japan nursing
homes at ¥7,950,000,000 (approximately S$88.3
million) (“Sale Price”) to Fortress Japan Investment
Holdings LLC:
Fureai no sono Nerima Takanodai, located at
Nerima City, Tokyo Prefecture
Himawari Home Kamakura, located at Kamakura
City, Kanagawa Prefecture
Supercourt Kadoma, located at Kadoma City,
Osaka Prefecture
Supercourt Takaishi Hagoromo, located at
Takaishi City, Osaka Prefecture
Sawayaka Hirakatakan, located at Hirakata
City, Osaka Prefecture
Sawayaka Nokatakan, located at Fukuoka City,
Fukuoka Prefecture
Sawayaka Parkside Shinkawa, located at
Kitakyushu City, Fukuoka Prefecture
The Sale Price is approximately 28.1% higher than
the original purchase price, 16.1% higher than the
net book value
[1]
and 8.3% higher than the latest
independent valuation. PLife REIT has reported a
divestment gain of S$13.7 million (before tax) on
disposal of investment properties.
LANDSCAPE OF OSAKA, JAPAN
[1]
As at 31 December 2013
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