Singapore Press Holdings Limited (SPH) announced on 26 February 2020 that its whollyowned subsidiary, Times Properties Pte Ltd had entered into an agreement with various vendors, affiliates of Columbia Pacific Advisors, LLC. to acquire a portfolio comprising six aged care assets in Canada for C$232.9 million (S$244.5 million).
The portfolio of six freehold assets comprises five properties in Ontario and one in Saskatchewan.
Singapore Press Holdings said that the parties have mutually agreed not to proceed with the acquisition and to terminate the agreement as a matter of prudence in the light of global market instabilities caused by the COVID-19 pandemic.
READ ALSO : SPH buys aged care portfolio in Canada for C$232.9m
 gives up on Canadian senior housing properties acquisition from Columbia Pacific Advisors, LLC.){kind=link}