Vital Healthcare Property Trust said on Wednesday a draft revaluation had lifted its property portfolio value by $102.4 million (5.9%) for the year ended 30 June.
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.
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.
In the turbulence in the week before Vital Healthcare Property Trust’s annual meeting in December, an update by the trust manager on brownfield development & strategic acquisitions was easily set aside.