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PLife REIT acquires three French nursing homes in €39m deal
IPE Real Assets reported that Parkway Life REIT agreed to acquire three nursing homes in France from DomusVi for €38.8 million. Completion was expected by December 2026, with DomusVi continuing to occupy the properties under 12-year leases.
According to the manager, closing would bring the REIT's French holdings to 14 properties worth approximately S$234.3 million, or roughly one-tenth of assets under management. Management described France as its third major market and presented the acquisition as a measured expansion of an existing operating relationship.
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