Property
Sponsored by
mansons TCLM

Vital gaining more bankers but lessening reliance on banks

Jenny Ruth
Fri, 02 Jul 2021

Vital gaining more bankers but lessening reliance on banks
Aaron Hockly, who heads Vital Healthcare's management team, wants longer debt maturities. (Image supplied)
Jenny Ruth
Fri, 02 Jul 2021
Vital Healthcare Property Trust's manager has worked to increase its number of bankers at the same time as reducing its reliance on banks.At the trust's investor day earlier this week, chief financial officer Michael Groth outlined the strategy to increase its bankers from two to five and to start selling bonds of various types.As well as lessening Vital's reliance on its bankers, the aim is to also lengthen the term of its debt to about five years.The manager, a subsidiary of Canada-based NorthWest Healthcare Properties Real Estate...

Not convinced yet?

Subscribe to our Daily News Update free newsletter.

Markets market close
NZ shares fall as market rally evaporates
Dan Brunskill | Wed, 29 Jun 2022

A survey showed US consumer confidence was at its lowest since 2013.

Bloomberg
Donald Trump Steers Himself into a Legal Morass
Bloomberg | Wed, 29 Jun 2022

I don’t think anyone can doubt that Trump committed crimes, based on the testimony we’ve heard. Serious crimes. 

Infrastructure
Kiwi chair Mark Ford says property values may fall 5-10%
Jenny Ruth | Wed, 29 Jun 2022

Many of the factors weighing on Kiwi Property's share price are beyond its control, chair Mark Ford told shareholders.

Sponsored
Investments to sustain the momentum of building in NZ

Classic Capital has opened its Land & Build fund to qualified wholesale and eligible investors.

Sponsored
High water marks: Watercare raises the tide on sustainability

The No.1 barrier to decarbonisation for NZ organisations is accurate measurement, says Microsoft’s Accelerating the Journey to Net Zero report.