Vital investors get 8.5% raise, manager gets 31.5%

Vital investors get 8.5% raise, manager gets 31.5%
Ormiston Hospital in Flat Bush, Auckland, is one of the assets owned by Vital. (Image: NorthWest Healthcare)
Jenny Ruth
Vital Healthcare Property Trust’s investors are probably very pleased with the performance of the last year, and the 8.5% increase in their distributions.And the manager, which is owned by Canada-based NorthWest Healthcare Properties Real Estate Investment Trust, is guiding to an annual per-unit distribution of 9.75 cents for the current year, up from the 9.62c paid out in the year ended June – the latter bettered the company’s guidance in October of at least 9.5c.NorthWest is targeting between 2% and 3% annual growth in both...

More Infrastructure

Auckland Council proposes downzoning 12,000 properties
Policy

Auckland Council proposes downzoning 12,000 properties

The council is also proposing to enable 10-15 storey apartments around more than 40 hubs.

Oliver Lewis 19 Aug 2025
Port of Tauranga gets expert panel for Stella Passage
Policy

Port of Tauranga gets expert panel for Stella Passage

A decision on the major wharf upgrade isn't expected until next year.

Oliver Lewis 15 Aug 2025
KiwiRail settles with Hyundai for $144m
Infrastructure

KiwiRail settles with Hyundai for $144m

The total cost of the cancelled Interislander replacement project has hit $671m.

Oliver Lewis 15 Aug 2025
Reviewer sides with council in fast-track economics dispute
Infrastructure

Reviewer sides with council in fast-track economics dispute

Vineway wants consent to build 1,200 homes in Upper Ōrewa.

Oliver Lewis 15 Aug 2025