First REIT is acquiring two properties from its sponsor, PT Lippo Karawaci Tbk.
The two are Siloam Hospitals Manado & Hotel Aryaduta Manado at S$83.6 million, and Siloam Hospitals Makassar at S$59.3 million. The prices are at a discount of 10.78% and 9.81% to valuations, respectively.
The purchases will be funded through debt and a private placement.
Some pro forma numbers:
Total asset
