Vital Healthcare buys two properties for A$7.8M to expand Australian development

Fri, 23 Oct 2015

By Paul McBeth Oct. 23 (BusinessDesk) - Vital Healthcare Property Trust, the listed hospital owner and developer, has bought two parcels of land which it plans to develop to expand Lingard Private Hospital and Toronto Private Hospital, both in New South Wales, Australia. The property investor spent A$7.8 million for a 2,700 square metre property next to its Lingard site and 1,250 square metres of vacant land beside the Toronto hospital, Vital Healthcare's manager said in a statement. The Lingard property consists of 16 leased residenti...

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