SPH buys five aged care properties for $65.8m

The assets have a total capacity of 365 beds.

Singapore Press Holdings Limited, through its two special purpose vehicles, Straits Himawari TMK One TMK and Straits Himawari TMK Two TMK, has entered into sale and purchase agreements to acquire five aged care assets in Japan for $65.8m (JPY5.26b), said in its bourse filing.

Three of the properties are in Hokkaido, one situated in Nara in the Osaka Metropolitan Region and one property located in Tokyo. The properties have a total capacity of 365 beds.

The aged care facilities are in the activity of providing quality independent living services for seniors including community-based activities, transport and laundry as well as meals and care services.

The acquisition is made as part of SPH’s partnership with Japanese real estate asset manager Bridge C Capital. A fund was established between SPH’s wholly-owned subsidiary, SPH JPAM Bridge-C in October 2019, focused on investing in healthcare assets in Japan.

If you've been wondering whether SBR could work for your company — yes, probably.

A lot of the companies we partner with started as readers. They'd been following our coverage for a while, saw their own customers and competitors in it, and eventually asked the obvious question: could we do something with you? The answer is usually yes. The shape of it depends on what you're trying to do.

The options are broader than most people assume — thought leadership articles, sponsored content, industry summits across Southeast Asia, regional awards programmes, podcasts, and media placements in print and digital. Some partners use one channel; most use a mix. We figure out the right combination by starting with your brief, not with our rate card.

So if the question has been on your mind, here's the easy way to ask it.

We'll tell you honestly whether we can help, and how. 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