First REIT lays out plans to re-balance out of Indonesia


Singapore-listed healthcare landlord First REIT will embark on a strategic rebalancing exercise that could see the divestment of selected assets to reap capital gains.

The REIT is also looking for opportunities to acquire assets in other Asia Pacific countries.

These plans were laid out recently by the CEO of First REIT, Victor Tan, at a recent gathering of investors organised by GCP Global.

First REIT currently has a portfolio of 20 healthcare properties across Indonesia, Singapore, and South Korea, with approximately 95% of its portfolio located in Indonesia.

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