VHP
31/05/2012 13:59
ASSET
REL: 1359 HRS Vital Healthcare Property Trust
ASSET: VHP: VHP announces sale of 188 Health Centre, St Heliers
31st May 2012
VHP announces unconditional sale of 188 Health Centre, Eastmed (Auckland)
Vital Healthcare Management Limited (the Manager), the manager of Vital
Healthcare Property Trust (the Trust) today announced the unconditional sale
of 188 Health Centre (Eastmed), in St Heliers Auckland, for $8.35 million.
David Carr, CEO of the Manager, said "the sale is business as usual and forms
part of our on-going portfolio rationalisation and capital management
strategy". The sale was to a private investor.
The funds received from the sale will initially be used to repay debt, with
settlement planned to occur in October 2012.
- ENDS -
ENQUIRIES
David Carr, Chief Executive Officer
Vital Healthcare Management Ltd, Telephone 09 357 1818, Email
[email protected]
Stephen Freundlich, Fund Analyst & Investor Relations Manager
Vital Healthcare Management Ltd, Telephone 09 357 1835, Email
[email protected]
About Vital Healthcare Property Trust
With a portfolio value of over NZ$550m, Vital Healthcare Property Trust
(NZSX: VHP) is New Zealand's largest listed entity investing in medical and
healthcare properties in Australasia. With an expert understanding of the
needs of healthcare tenants on both sides of the Tasman, we actively select,
develop and manage quality properties to meet the growing demand for medical
and healthcare services. Our 125 tenants, in 25 properties, provide essential
healthcare services to thousands of patients while also undertaking research
and providing support services that will make a difference to many more lives
in the future. The Manager of Vital Healthcare Property Trust, Vital
Healthcare Management Limited is owned by NorthWest Value Partners Inc., a
private real estate investment firm based in Canada with healthcare real
estate interests in Canada, Australia, New Zealand, Brazil and Germany.
End CA:00223489 For:VHP Type:ASSET Time:2012-05-31 14:00:00
