SPH buys six aged care assets in Canada for $244.5m

This marks the company’s entry to the North American market.

Times Properties, a wholly-owned subsidiary of Singapore Press Holdings (SPH), has entered into an agreement with affiliates of Columbia Pacific Advisors to acquire a portfolio of six aged care assets in Canada for $244.5m (C$232.9m), said in its bourse filing.

These assets comprise five properties in Ontario and one in Saskatchewan. In total, there are 717 suites with an average age of around 7 years. The properties are in the business of providing living accommodation and services to seniors.

This follows SPH’s earlier acquisition of five senior independent living assets in Japan.

Reaching the people who run Asia's businesses is harder than it used to be.

Inboxes are crowded. Attention is short. The executives you most want to reach — the founders, CFOs, and operators who actually move budgets — are the hardest to find through the usual channels. If you're building a company, a category, or a reputation, you already know this.

We've spent twenty years building the room they read. Singapore Business Review is where senior decision makers in Singapore and across Southeast Asia come for business coverage they can't get elsewhere — in print, online, and in person at the summits and roundtables we host across seven markets.

If you have something these readers should know about — a point of view worth publishing, a product worth their attention, an event worth their time — we'd like to hear what you're trying to do.

Book a meeting

| Or download the media kit (PDF)

240,000 senior readers quarterly in print Top 1,700 Singapore companies reached

7 markets across Southeast Asia