Vital buys Boulcott Hospital for $30.7 mln with Australia's Pulse a long-term tenant

Wed, 23 Dec 2015

By Paul McBeth Dec. 24 (BusinessDesk) - Vital Healthcare Property Trust, which owns and develops property for hospitals and healthcare, has bought Boulcott Hospital's real estate in Lower Hutt, and entered into a long-term lease with Australia's Pulse Health Group which bought the operating business earlier this month. The property investor will spend $30.7 million for the existing site and a further $1 million on residential land next door for future development, the trust's manager said in a statement. The acquisition represents an ini...

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