Parkway Life Reit to exit Malaysia

Parkway Life REIT to divest Malaysian property for RM20.09 mil

Parkway Life REIT’s wholly-owned Malaysia subsidiary, Parkway Life Malaysia, has entered a sale and purchase agreement for the divestment of strata units and lots at MOB Specialist Clinics in Kuala Lumpur for RM20.09 million ($6.09 million). The property spans 2,444 sqm and has a freehold land tenure. There are three ground-floor units, three medical-consulting suite units and car-park lots.  The REIT is expected to recognise a gain on the dispo…

Parkway Life REIT to divest Malaysian property for RM20m

The property is currently Parkway Life Malaysia’s sole asset and contributes 0.2% to its asset value. SINGAPORE (April 21): Parkway Life Real E...

Parkway Life Reit to exit Malaysia

The manager of Parkway Life Real Estate Investment Trust (PLife Reit) announced on Monday (Apr 21) that the healthcare Reit is selling freehold strata units and lots in a Malaysian property for RM20.1 million (S$6.1 million).