Vital Healthcare sells laundry and sterilisation facility

Vital Healthcare Property Trust has unconditionally sold its hospital laundry and sterilisation facility in Point Chevalier, Auckland, for $12.55 million.

David Carr, from trust manager Vital Healthcare Management, said the sale was part of a portfolio and capital management strategy, under which the sale of the trust's lower value or non-core property assets was being considered.

Funds received from the sale would be used to repay debt, with settlement due in July.

NZPA

Comments from our readers

No comments yet

Add your comment:

Your name:
Your email:	Not displayed to the public
Comment:
Comments to Sharechat go through an approval process. Comments which are defamatory, abusive or in some way deemed inappropriate will not be approved. It is allowable to use some form of non-de-plume for your name, however we recommend real email addresses are used. Comments from free email addresses such as Gmail, Yahoo, Hotmail, etc may not be approved.

Anti-spam verification:

Type the text you see in the image into the field below. You are asked to do this in order to verify that this enquiry is not being performed by an automated process.

Related News:

VSL - Confirmation of MD/CEO and Board changes
January 5th Morning Report
December 31st Morning Report
December 30th Morning Report
CHATHAM ROCK CLOSES PRIVATE PLACEMENT
December 29th Morning Report
December 24th Morning Report
Spark NZ announces new receivables financing structure
December 22nd Morning Report
TRU - Commercial Opportunities for Western Europe and Middle East