First REIT is set to meet its goal to be more exposed to developed markets by 2027 despite having met with a challenging macro-environment last year.

This was the point highlighted by the CEO of the REIT’s manager, Victor Tan, during a recent interview with REITsWeek.

First REIT is a Singapore Exchange (SGX)-listed, but Indonesia-heavy healthcare REIT that owns a portfolio of hospitals and nursing homes.

Related: First REIT clarifies timeline for its pivot outside Indonesia

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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.