PETALING JAYA: IHH Healthcare Bhd and Parkway Life Real Estate Investment Trust (PLife REIT) have agreed to extend the lease of three hospitals in Singapore owned by the latter for an additional 20 years.
In a statement yesterday, IHH said that the lease terms for Mount Elizabeth Hospital Property, Gleneagles Hospital Property and Parkway East Hospital Property will end on Dec 31, 2042, following the extension that will be effective on Aug 23, 2022.
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