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…
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%.
Half a kilometre west of the Westgate & NorthWest retail & business centres at the top of Auckland’s North-western Motorway, Universal Homes Ltd has started work on the first block of 7 units in its next subdivision, West Hills, which will ultimately yield about 1200 homes.
The Canadian holder of a 24.4% stake in NZX-listed Vital Healthcare Property Trust, and owner of the trust’s manager, said yesterday it would lift its stake in an unrelated but similar ASX-listed trust to 19.9%.
Stride Property Ltd (the former DNZ Property Fund Ltd) confirmed another property sale settlement this week, adding to the inhouse funding for its $170 million NorthWest Shopping Centre at Westgate, which opened on Thursday.