Parkway Life Real Estate Investment Trust ("Parkway Life REIT") is established by Parkway Holdings Limited (the "Sponsor") to invest primarily in income-producing real estate and/or real estate-related assets in the Asia-Pacific region (including Singapore) that is used primarily for healthcare and/or healthcare-related purposes. The range of assets include Hospitals, Ambulatory Surgery Centers, Primary Clinics, Medical Office Buildings, Nursing Homes, R&D facilities, Pharmaceutical Storage and Distribution facilities, Healthcare Educational facilities, and Mixed-use projects with significant healthcare elements. The initial portfolio under Parkway Life REIT comprises The Mount Elizabeth Hospital Property, The Gleneagles Hospital Property and The East Shore Hospital Property (together known as the "Properties"). The Properties, comprising the three hospitals, 68 medical offices and 559 carpark lots have a combined appraised value of approximately S$775 million and a total of 1,039 licensed beds.
Parkway Trust Management Limited (the "Manager") was incorporated in Singapore under the name of "PHR Management Pte. Ltd." on 19 April 2007. It changed its name to Parkway Trust Management Limited in connection with its conversion into a public limited company on 12 July 2007. It has a paid-up capital of S$1.0 million and the Manager is a direct wholly owned subsidiary of the Sponsor. The board of directors of the Manager is made up of individuals with expertise in the funds management and healthcare industries.
Parkway Holdings Limited is one of Asia's premier, fully integrated healthcare providers, with one of the largest networks of hospitals and healthcare services in the region. It currently has interests in and/or operates 15 hospitals, including the Properties, located in Singapore, Brunei, India and Malaysia. It also has interests in and/or operates an ambulatory surgical centre and clinics in China and an aesthetics clinic in Vietnam.