Singapore: First REIT restructures, recapitalises and repositions for sustainable growth

First REIT, Singapore’s first healthcare real estate investment trust, has completed initiatives to restructure its business, recapitalise its balance sheet and reposition for sustainable future growth. The restructuring of the master lease agreements (MLAs) for 11 hospitals which First REIT had leased to either Lippo Karawaci (LPKR) or LPKR and certain subsidiaries of Siloam International…

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