Mainland Capital delivers $50m raise for Christchurch private hospital expansion

Mainland Capital delivers $50m raise for Christchurch private hospital expansion
A render of the new private hospital planned for the Forté Health Precinct in central Christchurch. (Image: Mainland Capital)
Oliver Lewis
A $50 million capital raise to fund a major expansion to a private hospital in Christchurch was oversubscribed by 30% and closed within weeks.Mainland Capital, a Christchurch-based investment manager specialising in commercial property, ran the raise for NHL Properties, the owner of the 1.5-hectare Forté Health Precinct.NHL Properties, a privately held company largely owned by medical professionals or individuals connected to the medical sector, built the first major building in central Christchurch after the 2010 and 2011 earthquak...

More Finance

ANZ vows to fight CCCFA class action despite ASB settlement
Finance

ANZ vows to fight CCCFA class action despite ASB settlement

“ANZ NZ will continue to defend its case. Our position hasn’t changed.” 

ASB settles CCCFA class action for hefty $135.6m
Finance

ASB settles CCCFA class action for hefty $135.6m

 It ended a four-year class action centred on disclosure obligations.

Andy Macdonald 07 Oct 2025
ASB pays $135.6m to settle long-running CCCFA class action
Finance

ASB pays $135.6m to settle long-running CCCFA class action

High-street lender ASB has agreed to pay $135.6 million to settle a class action brought against it for alleged breaches of the Credit Contracts and Consumer Finance Act (CCCFA).The settlement – without admission of liability or wrongdoing – concluded four years of legal proceedi...

Staff reporters 07 Oct 2025