First REIT property in Singapore, Pacific Healthcare Nursing Home.First REIT property in Singapore, Pacific Healthcare Nursing Home.

Healthcare REIT First Real Estate Investment Trust (First REIT)(SGX:AW9U), has announced its intention to establish a S$500 million multicurrency medium term note programme.

First Real Estate Investment Trust
Amongst the properties currently under First REIT includes the Pacific Healthcare Nursing Home

The Hongkong and Shanghai Banking Corporation Limited (HSBC) and Overseas-Chinese Banking Corporation Limited (OCBC) will act as joint lead arrangers of the programme. First REIT has said in a statement that documentations for the programme is currently in progress and an announcement will be made once these processes are in order.

First REIT currently holds several properties across Indonesia and Singapore which are primarily used for healthcare and elder care facilities.

By Ridzwan Rahmat

Ridzwan has been analysing REITs and business trusts since 2008, and personally manages a portfolio comprising mainly of SGX-listed REITs. He founded REITsWeek in 2013.