First REIT has also been granted a put option by its sponsor Siloam to divest its remaining 6 hospitals for at least $294.8 million by Oct this year.
First REIT has announced the sale of assets worth some $471.6 million to linked party Siloam International Hospitals, as part of its strategic review.
The assets to be sold consists of 8 hospitals and 3 non-hospital assets, which is a slight premium of 2.1% over valuations.
