ParkwayLife REIT buys Japanese elderly nursing home for $17.8b

It will inject the fund into the property's operator.

ParkwayLife REIT entered a silent partnership agreement with Japanese-based G.K. Nest to buy an elderly nursing rehab home in Japan for $17.8m.

According to an announcement, Konosu Nursing Home Kyoseien in Saitama Prefecture is an elderly nursing rehab facility with 120 rooms.

Under Japanese laws, G.K. Nest, which is called a Godo Kaisha company, will own the property. ParkwayLife REIT shall only inject money into the operator.

"Based on the expected net property yield of the Acquisition of 6.7%, the manager believes that the acquisition will be DPU-accretive to the unitholders of Parkway Life REIT," the firm said.

The people you want to reach are already in this room.

Every quarter, SBR lands on the desks of the founders, CFOs, and directors running Asia's most consequential companies. Every day, they open our newsletter and read our website. It's a room that took twenty years to build — and it's the one most of our partners are trying to get into.

The good news is that the door is open. We work with companies on thought leadership articles, sponsored content, industry summits across Southeast Asia, regional awards programmes, podcasts, and media placements in print and digital. The shape of the right partnership depends on what you're trying to do, which is why we'd rather start with a conversation than send a rate card.

If you have something this room should know about, tell us. We'll tell you honestly whether we can help, and how.

No rate cards until we understand the brief. It's a better use of everyone's time.

Book a meeting

| Or download the media kit (PDF)

240,000 senior readers quarterly in print Top 1,700 Singapore companies reached

7 markets across Southeast Asia