Vital Healthcare kicks off Queensland new build

Vital Healthcare Property Trust aims to have the building complete by mid-2025. (Image: BusinessDesk)

Thu, 01 Jun 2023

Northwest Healthcare Properties, through its NZX-listed fund Vital Healthcare Property Trust, has formally kicked off construction on a new life science, research and innovation facility in Queensland.The A$154 million ($166.6m) building, to be known as RDX, is located in the Gold Coast Health and Knowledge Precinct (GCHKP) and is expected to be completed in mid-2025.For Vital Healthcare Property Trust, the new building forms part of its precinct-focused strategy. “Our business model is really focused on development and management of...

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