First REIT Financial Overview
Indonesia
FIRST
REIT
ASIA'S PREMIER HEALTHCARE TRUST
June 2022
Recycling capital from non-core, non-healthcare assets, mature assets
Terminated Development Works Agreement
Existing Main SHS
Building
Not Affected
New SHS Development Site
Works Halted
Jalan Raya Gubeng
Road Closure
(18/12/2018 - 27/12/2018)
September 2022
For Divestment
IAHCC
Divested Siloam Hospitals Surabaya
Siloam Hospitals
Siloam Hospilas
IMPERIAL ARYADUTA
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➤ A Road Subsidence took place in close
proximity to Siloam Hospitals Surabaya.
Development works were halted.
June 30th Received amount of S$30.6
million for the proposed settlement in
respect of the terminated development
works adjacent to Siloam Hospitals
Surabaya
Opportunity to recycle a mature asset
instead of taking on excessive
development risk, and a holistic
approach to resolve downstream
complications
➤ September 27th. Completed the
divestment of SHS for S$40.3 million
Imperial Aryaduta Hotel & Country
Club (IAHCC) is a non-core asset which
is being marketed for divestment.
December 22nd: Renewed lease for a
1-year term ending 31 December 2023.
Short term lease provides revenue
stability while still allowing strategic
flexibility.
Appraised value of S$27.5 million
(IDR 316.7 billion) as at 31 December
2022
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