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.
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, […]
NZX-listed Vital Healthcare Property Trust has doubled its loan to its manager to support the acquisition of an increased stake in Australian listed company Healthscope Ltd.
Vital Healthcare Property Trust’s manager, NorthWest Healthcare Properties Management Ltd, said yesterday it planned to review its management fees in the first quarter of 2019. Another arm of the group, NorthWest Healthcare Properties REIT, increased the stake it bought in May in ASX-listed hospital owner Healthscope Ltd, as the takeover & breakup of Healthscope looked more certain.
The Canadian real estate investment trust which controls the Vital Healthcare Property Trust & its manager has increased its stake in Australian listed hospital operator Healthscope Ltd to 11.1%.