PORTFOLIO
OUR PROPERTIES
N U R S I N G H O M E S
Palmary Inn Suma Senior Chonaikai
Makuhari Kan
Smiling Home
Medis Musashi
Urawa
Smiling Home
Medis Koshigaya
Gamo
Land Tenure
Freehold
Freehold
Freehold
Freehold
Land Area (sq m)
2,676
2,853
802
1,993
Floor Area (sq m)
4,539
4,361
1,603
3,824
Number of Units
(Rooms)
59
108
[3]
44
100
Number of Storeys
5/6
5
3
6
Year of Completion
1989
1992;
Conversion works were
completed in 2004
1991;
Conversion works were
completed in 2004
1989;
Conversion works
were completed in
2005
Name of Lessee (s)
Asset Co., Ltd
Riei Co., Ltd
Green Life Higashi
Nihon
[4]
Green Life Higashi
Nihon
[4]
Committed Occupancy
100%
100%
100%
100%
Gross Revenue (2014)
¥68,054,280
¥101,496,000
¥44,820,000
¥91,260,000
Purchase Price
[1]
¥867 million
(S$11.68 million)
¥1,442 million
(S$19.43 million)
¥627 million
(S$8.4 million)
¥1,321 million
(S$17.80 million)
Year of Purchase
2008
2008
2008
2008
Appraised Value
[2]
(as at 31 December
2014)
¥940 million
(S$10.4 million)
¥1,640 million
(S$18.1 million)
¥720 million
(S$7.9 million)
¥1,480 miilion
(S$16.3 million)
Name of Appraiser(s)
DTZ Japan
DTZ Japan
DTZ Japan
DTZ Japan
[1]
Based on the exchange rate at point of acquisition
[2]
At an exchange rate of S$1.00 : ¥90.58
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PA R K WAY L I F E R E I T
