New Zealand: Vital upsizes equity capital raise

Abbotsford Private Hospital

New Zealand’s Vital Healthcare Property Trust has completed its upsized raise of NZ$157.5m (US$106.9m) new equity capital A NZ$125m placement completed in October, but the unit purchase plan has also closed oversubscribed. Intended to be NZ$25m, demand meant that it was upsized to NZ$32.5m. The manager said that it received applications totalling NZ$67.4m. The placement…

You must be a HMI Subscriber to view this content.

Subscribe Now »