OUELH has significant presence in Southeast Asia's largest economy through its stakes in First REIT and its manager.
First REIT currently has a diversified portfolio of 31 high quality healthcare properties with stable cash flows and long lease terms in Indonesia, Japan and Singapore, which includes 12 hospitals, two integrated hospitals and malls, an integrated hospital and hotel, an integrated hotel and country club in Indonesia, 12 nursing homes in Japan (the "Japan Nursing Homes") and three nursing homes in Singapore. First REIT's portfolio of hospitals in Indonesia are strategically located within large catchment areas of potential patients, with each having a "Centre of Excellence" in their respective specialisations. These Indonesian hospitals are operated by PT Siloam International Hospitals Tbk, a subsidiary of PT Lippo Karawaci Tbk, a strong brand name in the Indonesian healthcare industry supported by a team of international healthcare professionals. Other assets in Indonesia include the Imperial Aryaduta Hotel & Country Club and Hotel Aryaduta Manado, operated by The Aryaduta Hotel & Resort Group, as well as Lippo Plaza Kupang and Lippo Plaza Buton, managed by PT Lippo Malls Indonesia. In March 2022, First REIT successfully acquired 12 nursing homes in Japan from OUELH. The 12 nursing homes in Japan are freehold assets with a combined gross f loor area of approximately 90,989 square metres and 1,451 rooms, which are 100% master-leased to tenants who are well established and experienced independent local nursing home operators. First REIT's other properties include well run nursing homes in Singapore staffed by well-qualified, dedicated and experienced healthcare professionals.
For more information please visit: http://www.first-reit.com/