Parkway Life REIT is expanding its European footprint by acquiring three nursing homes in southern France for €38.8 million (S$56.5 million). The transaction with senior care provider DomusVi involves a sale-and-leaseback model with 12-year lease terms. Fully funded by debt, the deal increases the trust's French portfolio to 14 properties valued at S$234.3 million, strengthening its strategic presence in the French healthcare sector.