Brief: Vital Healthcare Property Trust Intends To Raise About NZ$150M

Vital Healthcare Property Trust

07/10/2020 24:04

Oct 7 (Reuters) - Vital Healthcare Property Trust  VHP.NZ :
    * INTENDS TO RAISE ABOUT NZ$150M
    * INTENDS TO RAISE NEW EQUITY CAPITAL VIA A NZ$125M
UNDERWRITTEN
PLACEMENT OF NEW UNITS AND A NZ$25M UPP
    * IN ADVANCED DISCUSSIONS TO ACQUIRE A PREMIUM HOSPITAL IN A
METROPOLITAN AREA FOR NZ$95M
    * MANAGER PROGRESSED SALE OF SEVERAL REGIONAL ASSETS WHICH
ARE
ANTICIPATED TO RAISE ABOUT NZ$100M IN EARLY 2021
    * PLANS TO LEASE THE METROPOLITAN HOSPITAL TO A MAJOR
PRIVATE
HOSPITAL OPERATOR FOR 30 YEARS

Source text for Eikon:  urn:newsml:reuters.com:*:nNZW7xTfQB
Further company coverage:  VHP.NZ 

 (Reuters.Briefs@thomsonreuters.com)