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BRIEF-Parkway Trust Management announces divestment of four nursing home properties located in Japan
December 22, 2016 / 1:32 PM / 8 months ago

BRIEF-Parkway Trust Management announces divestment of four nursing home properties located in Japan

Dec 22 (Reuters) - Parkway Trust Management Limited

* Divestment Of Four Nursing Home Properties Located In Japan

* Plife Reit through its special purpose entities in Japan entered into purchase and sale agreements with Fortress Japan Investment Holdings Llc

* Divestment for a total sale consideration of ¥3.72 billion (approximately s$48.9 million)

* Expected to recognise an estimated divestment gain of approximately s$5.2 million over net book value Source text for Eikon: Further company coverage:

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