Australia: Vital adds to land bank in Sydney with plans for cancer centre and mental health hospital expansion

NZX-listed Vital Healthcare Property Trust (Vital) has acquired around 27,840 square metres of leasehold land in Campbelltown, Western Sydney for A$76.6m (US$55.2m) including development of a GenesisCare Cancer Centre. GenesisCare is a leading providers of integrated cancer care globally with 350 clinics across the US, UK, Australia and Spain. The acquisition enables Vital to develop,…