Finance

Vital to raise $200m from rights issue for purchases, development

Jenny Ruth
Thu, 28 Apr 2022

Vital to raise $200m from rights issue for purchases, development
Vital's manager Aaron Hockly said the purchases will develop new relationships. (Image: supplied)
Jenny Ruth
Thu, 28 Apr 2022
Vital Healthcare Property Trust's manager said it will raise $200 million from an accelerated rights issue to fund about $225m of acquisitions and developments.This is the third capital raising the manager has organised since October 2020. Before today's announcement, the trust had raised $302.4m in new capital since that date.Two newly announced acquisitions will be Vital's first properties in the South Island and will take the New Zealand part of its portfolio to 30% from 26%. This time, the underwritten offer is one new shar...

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