Home > Manager of Parkway Life REIT > Growth Strategy

Parkway Life REIT is managed by Parkway Trust Management Limited.

The Manager is responsible for Parkway Life REIT's growth strategy, asset enhancement initiatives as well as capital and financial management.

Growth Strategy

Parkway Life REIT owns the largest portfolio of strategically located private hospitals in Singapore, comprising Mount Elizabeth, Gleneagles Hospital and East Shore Hospital. In addition, it has ten assets located in Japan, namely a pharmaceutical products distributing and manufacturing facility in Chiba prefecture and nine high-quality nursing homes located in Chiba, Hyogo, Kanagawa, Osaka, Saitama and Tokyo.

Parkway Life REIT aims to:

  • Leverage the management team's deal sourcing capabilities to develop the pipeline of acquisition opportunities;
  • Benefit from Singapore's strengthening position as a regional healthcare hub and biomedical and pharmaceutical centre of excellence;
  • Tap into the strong growth in demand for healthcare services across Asia; and
  • Benefit from Parkway Holdings Limited's healthcare industry experience and vast Asian network

With a five-year right of first refusal granted by Parkway Holdings Limited, both Parkway Life REIT and Parkway Holdings Limited provide an integrated and synergistic platform for the acquisition of hospitals and healthcare-related assets in the region, thus benefitting both in our efforts to expand in Asia.

Asset Enhancement

In addition to growing our portfolio, Parkway Life REIT also constantly explores the opportunity to implement various asset enhancement initiatives to improve the performance, maximize the operational efficiency and enhance the competitiveness of the assets, which ultimately lead to increases in revenue.

Capital And Financial Management

Parkway Life REIT is in excellent financial health, with strong capital position and low financial gearing. On 19 February 2008, Parkway Life REIT received a long term investment grade issuer rating of "BBB+" from Fitch Ratings, the international ratings agency. With a BBB+ rating, Parkway Life REIT is able to increase its aggregate leverage up to a maximum of 60% as prescribed by the Property Funds Guidelines.

Parkway Life REIT endeavours to maintain an optimal capital structure and proactively manages financial risks, while allowing substantial financial flexibility to undertake growth initiatives.