Brief: Vital Healthcare Property Trust Says Commenced Process To Further Enhance Portfolio By Strategically Recycling Capital

Vital Healthcare Property Trust

06/01/2023 01:48

Jan 6 (Reuters) - Vital Healthcare Property Trust
 VHP.NZ :
    * MANAGER OF VITAL COMMENCED PROCESS TO FURTHER ENHANCE ITS
PORTFOLIO BY STRATEGICALLY RECYCLING CAPITAL
    * STRATEGIC INITIATIVES  PROCESS INCLUDES SALE OF NZ$200M OF
EXISTING NON-CORE ASSETS
    * PROCESS INCLUDES DEVELOPMENT OF A NEW A$140M 6-STAR GREEN
STAR,
LIFE SCIENCES CENTRE OF EXCELLENCE BUILDING
    * NET SALE PROCEEDS WILL BE USED TO REPAY DEBT REDUCING
BALANCE
SHEET GEARING BY 2.5%
    * NET SALE PROCEEDS WOULD BE EXPECTED TO BE BROADLY NEUTRAL
TO
VITAL'S AFFO

Further company coverage:  VHP.NZ 
 ((Reuters.Briefs@thomsonreuters.com;))