Vital Healthcare Property Trust said today it’s signed a contract with Hawkins Construction Ltd for the first stage of a planned 3-stage redevelopment of Wakefield Hospital in Wellington.
Vital Healthcare Property Trust
NZX-listed Vital Healthcare Property Trust’s manager, NorthWest Healthcare Properties Management Ltd, has pulled out of an Australia portfolio purchase with its parent, NorthWest Healthscope Properties REIT of Toronto. On a second contentious issue hotly debated at Vital’s annual meeting in December – management fees – the Toronto reit has agreed resolutions should go to a unitholder meeting…
Vital Healthcare Property Trust’s manager has pushed back by a couple of weeks its update on a potentially large investment in Australian company Healthscope Ltd’s property portfolio.
The independent directors of the Vital Healthcare Property Trust’s manager, NorthWest Healthcare Properties Management Ltd, said today the company had reached conditional agreement on a new governance & fees structure.
Vital Healthcare Property Trust’s net profit for the December half fell 11.5%, but management company chief executive David Carr said on Friday its underlying portfolio performance was sound and it continued to deliver on the strategy of growing scale & diversity.
Entities in the NorthWest Healthcare Properties group of Toronto have signed a conditional contract to buy 11 hospital property assets from hospital property assets from ASX-listed Healthscope Ltd for $A1.258 billion, but the NZX-listed member of the group, the Vital Healthcare Property Trust hasn’t signed up to participate – yet. At the beginning of December, […]