Ocean View Shonan Arasaki
Corporate
Development
Governed by its unique core values, PLife REIT continues
to exercise prudent risk management while adding value
to the portfolio through its recycling strategy, reinforce
collaboration with new and existing partners and
maintain a strong balance sheet to sustain excellence
amidst market volatility in 2015.
“
Homing In, Expanding Out
” truly validates the REIT’s
successes and emphasises the strength of its proven
business strategy and superior execution as it rebalanced
and enhanced the quality of its Japan portfolio.
Boosting Portfolio Resiliency
Since its inception in 2007, PLife REIT continues to
adopt a defensive growth play, exercise prudent financial
and risk management and seize growth opportunities.
To date, the REIT boasts a total of 47 properties across
Singapore, Japan and Malaysia, valued at approximately
S$1.6 billion as at 31 December 2015, making it one of
the largest healthcare REIT in the region.
PLife REIT’s first venture into the Japanese market was
during the financial crisis in 2008, and it proved to be an
opportune time as the REIT was able to acquire assets
at attractive prices as the crisis progressed. Since then,
PLife REIT has been progressively investing into Japan
and has accumulated a portfolio of 43 high quality
healthcare properties worth S$590 million.
The investment climate has shifted as Japan gradually
recovers from the financial crisis. The favourable ageing
demographics and increased demand for specific and
upmarket healthcare services, coupled with strong
government support, have encouraged the private
sector to invest in the healthcare industry.
Competition has heightened over the years with more
investors adding healthcare assets into their investment
portfolio. Given the investment exuberance, PLife REIT
was able to capitalise on its first mover advantage to
divest its seven less strategic nursing homes in December
Palmary Inn Shin-Kobe
ParkwayLife REIT
Annual Report 2015
7
