Vital Healthcare flags A$15.5M of Australian developments, sells NZ property

Wed, 29 Oct 2014

By Paul McBeth Oct. 29 (BusinessDesk) - Vital Healthcare Property Trust, the country's biggest listed medical and healthcare property investor, has signalled development plans totalling A$15.5 million in Australia, and has sold a New Zealand property as it looks to exit low-growth assets. The property investor has a A$9.5 million redevelopment plan to expand its Belmont Private Hospital in Brisbane and A$6 million upgrade of its Hurstville Private Hospital in Sydney, Vital Healthcare Management, the trust's manager, said in a statement. V...

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