Company Watch

First Reit: Building a global healthcare portfolio

First Reit’s newly acquired Japan nursing home – Hikari Heights Varus Kotoni, located near Sapporo city centre. PHOTO: FIRST REIT
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SINGAPORE - First Reit listed in 2006 as the first healthcare real estate investment trust on the Singapore Exchange after previously being under the stewardship of Indonesia-based Lippo Karawaci group.

In 2018, following a restructuring and the takeover of its sponsorship and management by Singapore-Listed OUE group and OUE Lippo Healthcare, things started to stir at the trust.

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