Vital Healthcare pushes NZ portfolio past $1b

Vital Healthcare pushes NZ portfolio past $1b
Aaron Hockly: cost of capital has gone up 'significantly'. (Image: BusinessDesk)
Brent Melville
Vital Healthcare has settled its $95 million health precinct venture in Queenstown, taking its New Zealand portfolio to more than $1 billion in a little under two years, almost a third of its trans-Tasman assets.Completion of the Kawarau Park, Queenstown deal follows April's $50.7m purchase of a maternity and life sciences site at 68 St Asaph Street in Christchurch, about 300 metres from the Christchurch Hospital – marking its first two properties on the South Island.It also entered into an agreement to buy Auckland Endoscopy in Epsom...

More Property

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
Olliver avoids bankruptcy – for now
Property

Olliver avoids bankruptcy – for now

A bid by BNZ to bankrupt the developer has been adjourned until February.

Maria Slade 10 Dec 2024