New Zealand: Vital announces acquisition and capital raising

Aaron Hockly, fund manager, Vital Healthcare Property Trust

Vital Healthcare Property Trust, managed by NorthWest Healthcare, has announced the acquisition of The Tennyson Centre in Adelaide and an equity capital raise of around NZ$140m (US$97.1m). The capital raise takes the form of a NZ$115m underwritten placement and a NZ$25m Unit Purchase Plan (UPP). Net proceeds will go towards its acquisition and development pipeline….

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