First REIT Extends Siloam Hospitals Lippo Cikarang Lease to End-2026

Reuters03-13 18:16

First REIT Extends Siloam Hospitals Lippo Cikarang Lease to End-2026

First Real Estate Investment Trust said its indirect subsidiary PT Graha Pilar Sejahtera has signed a short-term lease extension with PT East Jakarta Medika, a Siloam International Hospitals unit, for Siloam Hospitals Lippo Cikarang. The extension runs from 1 July 2026 to 31 December 2026 at a pro-rated rent of S$2.24 million, with an automatic further six-month extension to 30 June 2027 at a pro-rated rent of S$2.29 million, subject to lender and trustee approvals. The arrangement is intended to provide income certainty while First REIT continues its strategic review, and the lease may terminate early if the hospital is divested.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. First Real Estate Investment Trust published the original content used to generate this news brief via Singapore Exchange Limited (SGX) (Ref. ID: 961LASFO25SSH9CN) on March 13, 2026, and is solely responsible for the information contained therein.

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