(via First REIT)

OUELH completed the acquisition of 10.6%1 of the issued units in First REIT and 40.0% of the shares in Bowsprit Capital Corporation Limited (First REIT’s manager) in October 2018.

Listed on the Singapore Exchange Securities Trading Limited in 2006, First REIT is Singapore's first healthcare real estate investment trust. Its investments include a portfolio of yield-accretive healthcare and healthcare-related real estate assets in Asia.

Through First REIT, the Company has gained a presence in Indonesia as First REIT holds 20 properties across Indonesia (16), Singapore (3) and South Korea (1). The properties are collectively valued at S$1.35 billion as at 31 December 2018. This stable income-producing portfolio covers the full scale of healthcare real estate, including hospitals, nursing homes, rehabilitation centre and other healthcare-related facilities.

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  1. Calculated based on the total issued units of First REIT as at 31 December 2018.
  2. As at 31 December 2018.