Mount Elizabeth Novena, a ROFR for which could soon be granted to Parkway Life REIT. (Google Maps)

Parkway Life REIT (PLife REIT) will be granted a right-of-first-refusal (ROFR) to acquire Mount Elizabeth Novena, as part of new master lease agreements (MLAs) with operators of the three hospitals it owns in Singapore.

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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.