Parkway Life REIT property, Mount Elizabeth Hospital, in Singapore. (Photo: REITsWeek)

A subsidiary of New York-based investment management firm, Cohen & Steers Inc, has increased its stake in Parkway Life REIT.

As REITsWeek first reported in April 2019, the firm became a substantial unitholder in the Singapore-listed REIT after acquiring 1.3 million units via the open market.

Related: Cohen & Steers becomes substantial unitholder of Parkway Life REIT

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By Shariffa Al-Habshee

Shariffa joined REITsWeek in 2017, and monitors Asia-Pacific REITs for the publication.