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First Real Estate Investment Trust (“First REIT” or the “Trust”), is a healthcare real estate investment trust focused on investing in diverse yield-accretive healthcare and healthcare-related real estate assets within and outside of Asia. First REIT is managed by First REIT Management Limited (the “Manager”), which is headquartered in Singapore. The Manager is 60% directly held by OUE Limited (“OUE”), and 40% directly held by OUE Healthcare Limited (“OUEH”), who together are its Sponsors and hold a combined stake in First REIT of 45.17% as at 31 December 2024. The Trust has a portfolio of 32 properties across Asia, with a total asset value of S$1.12 billion as at 31 December 2024. These include 15 properties in Indonesia comprising 11 hospitals, 2 integrated hospitals & malls, 1 integrated hospital & hotel, and 1 hotel & country club; 3 nursing homes in Singapore; and 14 nursing homes in Japan. The Trust’s healthcare properties in Indonesia are operated by PT Siloam International Hospitals Tbk (“Siloam”) while healthcare properties in Singapore and Japan are operated by well-established third-party operators. The Trust has a right-of-first-refusal (“ROFR”) from OUEH and opportunities to tap on its growing healthcare network across Pan-Asia. In addition, First REIT also has a ROFR to a pipeline of hospitals from PT Lippo Karawaci Tbk (“Lippo Karawaci”), a shareholder of Siloam.
Name | Age | Since | Title |
---|---|---|---|
Pengee Chan | 58 | 2018 | Lead Independent Director of First REIT Management Limited |
Minny Riady | 51 | 2019 | Non-Independent Non-Executive Director of First REIT Management Limited |
Kok Mian Tan | - | 2024 | CEO & Executive Director of First REIT Management Limited |
Kok Mian Tan | 57 | 2008 | CEO & Executive Director of First REIT Management Limited |
Chuan Lye Tan | 68 | 2017 | Independent Non-Executive Director of First REIT Management Limited |
Ferris Charles Bye | 71 | 2018 | Independent Non-Executive Director of First REIT Management Limited |
Martin Lechner | 56 | 2018 | Independent Non-Executive Director of First REIT Management Limited |
Christopher James Williams | 66 | 2018 | Non-Independent Non-Executive Chairman of First REIT Management Limited |
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