Subscribe today - find out more
Why you should consider BusinessDesk

Vital buys an A$92.8m cancer centre, raising $140m

Jenny Ruth
Wed, 13 Oct 2021

The Tennyson Centre houses cancer specialists. (Image: Tennyson Centre)
Jenny Ruth
Wed, 13 Oct 2021
Vital Healthcare Property Trust's manager said the trust has bought a cancer centre in Adelaide for A$92.8 million and will raise $140m to pay for it and to provide for future acquisitions.The purchase of the Tennyson Centre will also provide development potential because an adjoining site is included in the purchase.The capital raising will be through a $115m underwritten placement to institutions at $2.90 per share – Vital units closed at $3.01 yesterday – and an about $25m retail offer, although the manager may opt to accept...

Not convinced yet?

Subscribe to our Daily News Update free newsletter.

Opinion FREE
UK trade deal reverses an ugly history
Tim Groser | Fri, 22 Oct 2021

The free trade deal announced on Thursday puts to bed half a century of troubled and tortured negotiations.

Scott Technology’s record result leans on meat and mining
Henry Burrell | Fri, 22 Oct 2021

The robotics firm’s strong global presence has been bolstered by a new deal with a white goods giant. 

Small businesses in 'hard out survival mode'
Oliver Lewis | Fri, 22 Oct 2021

An economist is warning NZ businesses are entering the highest risk period for failures.

Decarbonising infrastructure – navigating an abundance of policy and analysis

We have a rare opportunity to align significant public infrastructure investment with urgent climate change reform, but time is short and we all need to act.

Let's not lose sight of the wood for the trees

As much generation will need to be built in the next 14 years as has been built in the last 40+ years for Aotearoa to meet its commitment of achieving net zero emissions by 2050.