An investment initially made in 2007, we exited our holding in Parkway Life REIT (“P-REIT”) in 2017. Established by Parkway Holdings Limited to hold income-producing real-estate primarily used for healthcare-related purposes, P-REIT remains the largest REIT of its kind in Asia. At the time, it owned properties in Singapore – including Mount Elizabeth, Gleneagles and Parkway East Hospitals – all leased to Parkway Holdings, and 43 additional nursing homes properties in Japan, Singapore and Malaysia. P-REIT also owned a manufacturing and distribution facility for pharmaceutical products.
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