Vital Healthcare Property Trust (NZX: VHP) Acquisition of Development Site in Melbourne Tuesday 22nd December 2020
NorthWest Healthcare Properties Management Limited (the Manager), as manager of Vital Healthcare Property Trust, is pleased to announce that it has agreed terms to acquire a 5,330 square metre strategic development site at 17-23 Nelson Rd, Box Hill, Melbourne, Victoria, approximately 4kms east of Melbourne s CBD (Development Site).
Fully developed, the Development Site is expected to have a total value in excess of A$350m. This is in addition to Vital s existing investments in the Box Hill Health and Education Precinct which are expected to be valued at ~A$380m on completion of the current expansion of Epworth Eastern in late 2021.