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Property trust greenlights one development, axes another

Big portfolio rejig for Vital Healthcare as $200m of asset sales announced.

An artist's impression of Vital Healthcare's proposed new RDX building on the Gold Coast.

Tim Hunter Mon, 09 Jan 2023

Vital Healthcare Properties Trust has canned its planned A$98 million ($106m) hospital development in Tasmania in favour of a new research building on the Gold Coast as it prepares a $200m sell-down of “non-core” assets.

In a statement to the NZX, Vital Healthcare said it had agreed terms for a

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Tim Hunter Mon, 09 Jan 2023
Contact the Writer: thunter@nbr.co.nz
News tip? Question? Typo? Let us know: editor@nbr.co.nz
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Property trust greenlights one development, axes another
Investment,
97234
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