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

Vital buys an A$92.8m cancer centre, raising $140m
The Tennyson Centre houses cancer specialists. (Image: Tennyson Centre)
Jenny Ruth
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...

More Property

More Du Val shareholders suing
Property

More Du Val shareholders suing

A Du Val shareholder action against FMA now has 80% of minority shareholders signed up.

Triple Connection faces liquidation
Property

Triple Connection faces liquidation

The debt collector says the company "don't pay their bills".

Gregor Thompson 13 Dec 2024
Beachlands South development appeals settled
Property

Beachlands South development appeals settled

Appeals challenging the approval of a plan change for the Beachlands South development have been settled, paving the way for the multi-billion dollar project to proceed.“The success of negotiating a sensible outcome means that the development process can now move forward with the...

Staff reporters 11 Dec 2024
Winton 'stands to gain millions': MP
Property

Winton 'stands to gain millions': MP

The proposed fast-tracking of Sunfield is 'cronyism', local MP claims.

Maria Slade 11 Dec 2024