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Thursday, February 24, 2011

First Reit to divest Adam Road Hospital

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SALE OF ADAM ROAD HOSPITAL, NO 19 ADAM ROAD SINGAPORE 289891:
Key Points
  • First REIT has on 23 February 2011 entered into a sale and purchase agreement with Fortis Healthcare Singapore Pte. Limited (the “Purchaser”) and Fortis Global Healthcare Holdings Pte. Ltd. (the “Guarantor”) for the sale of Adam Road Hospital located at No 19 Adam Road Singapore 289891 to the Purchaser for a sale consideration of S$33.0 million.
  • Adam Road Investment Property’s fair value was S$28.2 million as at 28 December 2010.
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