PLife REIT Advances Growth in Francewith €38.8 Million Nursing Home Acquisition
• DPU-accretive acquisition of three nursing homes located in Marseille and Velaux, southern France
• Transaction in a sale & leaseback arrangement, where DomusVi will continue to operate the nursing homes
• New 12-year leases providing long-term income stability and visibility
• Deepens PLife REIT’s presence in its third key market and strengthens its strategic relationship with DomusVi, a leading pan-European senior living operator.
The Acquisition is expected to complete by December 2026, subject to the fulfilment of the conditions precedent under the Acquisition Agreement. The Properties will continue to be leased to DomusVi upon completion of the Acquisition. Following the Acquisition, PLife REIT’s French portfolio will expand to 14 properties with an aggregate value of approximately S$234.3 million6, representing approximately 10% of PLife REIT’s asset under management.
The total acquisition outlay, including estimated capitalised and acquisition-related costs, is expected to be approximately €43.4 million (approximately S$63.3 million). The Acquisition will be fully debt-funded.
Based on the Manager’s current estimates, PLife REIT’s aggregate leverage is expected to increase from approximately 33.8% as at 30 June 2026 to approximately 35.3% following the Acquisition, remaining well within the applicable 50% aggregate leverage limit.
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