PAREF Group announces the establishment of a strategic partnership with Parkway Life REIT, one of the largest listed healthcare REITs in Asia, as it embarks on its investment strategy in Europe. PAREF provided investment management advice to Parkway Trust Management Limited, the manager of Parkway Life REIT, for the sale and leaseback acquisition, by Parkway Life REIT from DomusVi Group, of a portfolio of 11 nursing homes in France; and signed management services agreements providing a full range of real estate services in respect of the portfolio.
Advice in relation to Parkway Life REIT’s first acquisition in France
Leveraging on its expertise across the entire real estate chain, PAREF Group assisted Parkway Trust Management Limited, the manager of Parkway Life REIT, in sourcing and structuring the acquisition of a portfolio of 11 nursing home properties for €111.2 million. These properties are operated by DomusVi Group, one of Europe’s leading aged care providers.
Strategic partnership leveraging all PAREF Group’s expertise
The signing of management services agreements marks a new milestone for the PAREF Group and illustrates the relevance of its ONE-STOP-SHOP advisory services. Parkway Life REIT thus benefits from the Group’s expertise and know-how across the entire real estate value chain including investment, asset management and property management as well as restructuring and development projects.
« We are thrilled to have advised Parkway Trust Management Limited, as manager of Parkway Life REIT, on the inaugural European portfolio acquisition by Parkway Life REIT and to establish a strategic partnership for future management and investment collaboration. This milestone underscores our strong market position and highlights our comprehensive expertise across the real estate services spectrum. As both advisor and portfolio manager, this achievement reflects our team’s complementary skills and commitment to delivering sustainable support for institutional investors’ strategic goals »
« The acquisition of the 11 nursing homes marks an important step for Parkway Life REIT, consolidating our position in the international market and further diversifying our portfolio with the entry into the French market. Thanks to the support of PAREF Group, which has been advising us since the acquisition and with the signing of management services agreements formalising the strategic partnership, we are confident that we will benefit from the expertise of a recognized player to support us in managing our assets and achieving our development ambitions in Europe »
