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Sign in Sign up for a FREE subscriptionSPH buys five aged-care assets in Japan
Singapore Press Holdings (SPH) has acquired five aged-care assets in Japan for ¥5.26 billion ($47.1 million).
Three of the properties are in Hokkaido, with one each in Tokyo and Nara in the Osaka Metropolitan Region. The properties, with 365 beds in total, offer seniors independent living with community-based activities, transport and laundry, meals, and care services.
The acquisition is part of SPH’s partnership with Japanese real estate asset manager Bridge C Capital in October 2019 to set up a fund focused on investing in aged-care and healthcare assets such as senior housing, nursing homes and medical office buildings in Japan.
