First REIT 2.0 Growth Strategy

First REIT has unveiled its new 2.0 Growth Strategy, driven by its vision to become Asia’s premier healthcare Trust. As part of this strategy, the Manager announced a proposed acquisition of assets in Japan.

“We are excited to be in a position to create value for Unitholders by executing on the first steps of our new First REIT 2.0 Growth Strategy with a proposed DPU accretive acquisition. Buying a portfolio of nursing homes in Japan will give us strategic entry into a nursing home market with strong growth potential as we capitalise on ageing demographic trends, while simultaneously diversifying our asset and geographical risk.”

-Mr Victor Tan, Chief Executive Officer of the Manager