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Perennial Real Estate Holdings Enters Anchor Lease With IHH Healthcare
Daily Bulletin | 16 October 2015
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Perennial Real Estate Holdings through its subsidiary, Chengdu Ruifeng Real Estate Development has entered into an anchor lease agreement with IHH Healthcare, through its indirect subsidiary, M&P Investments, and its local Chinese partner, Shanghai Broad Ocean Investments.

Under the agreement, M&P and Broad Ocean, through their joint venture company, will lease a space of about 48,000 square metres in net leaseable area at Perennial International Health and Medical Hub in Chengdu to operate a 350-bed tertiary hospital.

The new ParkwayHealth Chengdu Hospital will be IHH’s first tertiary facility in Western China, operated under its subsidiary, Parkway Pantai Limited. The multi-disciplinary hospital is expected to be open in the second half of 2017, offering specialized care and services such as obstetrics and gynecology, pediatrics, cardiology, ophthalmology and internal medicine.

Perennial Real Estate Hldgs  0.555 -0.015 -2.63%   
Business: Co develops & owns properties in S'pore & China.

Insight: Feb-19, FY18 revenue rose 5% to $78.3m mainly due ... Read More
IHH Healthcare  1.890 +0.030 +1.61%   
Business: One of the largest listed private healthcare providers in Asia and worldwide. [FY18 Turnover] Parkway Pantai (64.7%), Acibadem Hldgs (31.9%), IMU (2.2%), PLife REIT (1.2%).

Insight: May-19, 1Q19 revenue rose 27.6% as a result of the... Read More


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