Vital Healthcare sells Point Chevalier property for $5.25M

Tue, 11 Sep 2012

By Hannah Lynch Sept. 12 (BusinessDesk) - Vital Healthcare Property Trust, the NZSX-listed investor in health properties, has sold its Pitman House site in Auckland's Point Chevalier for $5.25 million. "The sale of Pitman House is a continuation of the targeted divestment programme of the trust’s non-core, or lower-value assets," chief executive, David Carr said in a statement. "The repayment of debt and recycling of capital into opportunities that enhance the overall position of the Trust forms part of our on-going property and capital manag...

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