, Singapore

SPH, Bridge C set up $50m fund for aged care in Japan

Japan’s elderly population is sighted to grow 37% by 2025.

Singapore Press Holdings (SPH), through its subsidiary SPH JPAM, has entered into a partnership with Japanese asset manager, Bridge C Capital (Bridge C), to invest $50m on aged care and healthcare assets in Japan, the company announced.

The seed equity provided by SPH will be put into building senior housing, nursing homes and medical office buildings in Japan, in line with the companies’ strategy to leverage the rising demand for elderly care facilities in the country.

According to a study by IPPS, Japan’s elderly population, those 65 years of age and above, is projected to increase from 28.0% in 2017 to 37% by 2025.

Bridge C will manage the properties in Japan, operating their marketing and deal sourcing.

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