Bon Sejour
Shin-Yamashita
Bon Sejour Ibaraki
Palmary Inn Akashi
Palmary Inn Suma
Land Tenure
Freehold
Leasehold of 50 years
from 1 May 2007
Freehold
Freehold
Land Area (sq m)
1,653
3,051
5,891
2,676
Floor Area (sq m)
3,273
3,651
6,562
4,539
Number of Units
(Rooms)
74
94
96
59
Number of Storeys
5
4
6
5/6
Year of Completion
2006
2008
1987; Conversion
works were completed
in 2003
1989
Name of Lessee(s)
Benesse Style Care
Co., Ltd
1
Benesse Style Care
Co., Ltd
1
Asset Co., Ltd
Asset Co., Ltd
Committed
Occupancy
2
100%
100%
100%
100%
Gross Revenue (2015)
¥97,951,344
¥101,400,904
¥116,826,000
¥68,093,940
Gross Revenue (2014)
¥96,101,415
¥99,629,726
¥113,400,000
¥68,054,280
Purchase Price
3
¥1,394 million
(S$18.36 million)
¥1,121 million
(S$14.77 million)
¥1,456 million
(S$19.62 million)
¥844 million
(S$11.37 million)
Year of Purchase
2008
2008
2008
2008
Appraised Value
4
(as at 31 December
2015)
¥1,550 million
(S$18.23 million)
¥1,182 million
(S$13.90 million)
¥1,730 million
(S$20.34 million)
¥1,000 million
(S$11.76 million)
Name of Appraiser(s)
International Appraisals
Incorporated
International Appraisals
Incorporated
DTZ Japan
DTZ Japan
1 On 1 April 2012, Benesse Style Care Co., Ltd merged as the surviving company with Bon Sejour Corporation
2 Committed occupancy of each property for year 2014 and 2015 remain unchanged
3 Based on the exchange rate at point of acquisition
4 At an exchange rate of S$1.00 : ¥85.03
Our Properties
ParkwayLife REIT
Annual Report 2015
37
