Common Contracts

THE PROPOSED ENTRY INTO THE NEW MASTER LEASE AGREEMENTS FOR MOUNT ELIZABETH HOSPITAL PROPERTY, GLENEAGLES HOSPITAL PROPERTY AND PARKWAY EAST HOSPITAL PROPERTY

July 14th, 2021

• Filed
  July 14th, 2021

Parkway Trust Management Limited, in its capacity as manager of Parkway Life Real Estate Investment Trust (“PLife REIT” and as manager of PLife REIT, the “Manager”), wishes to announce that it will be seeking approval from the unitholders of PLife REIT (“Unitholders”) for the proposed entry into new master lease agreements (the “New Master Lease Agreements”) in relation to Mount Elizabeth Hospital Property, Gleneagles Hospital Property and Parkway East Hospital Property (together with certain medical centre units, retail units and car park lots, where applicable, for each hospital, collectively referred to as the “Properties”) and the agreement for the renewal capital expenditure works (“Renewal Capex Agreement”, and together with the New Master Lease Agreements, collectively the “Proposed Transaction”). HSBC Institutional Trust Services (Singapore) Limited, as trustee of PLife REIT (the “Trustee”), has today entered into an agreement for lease framework (“Agreement for Lease Framework