Sale of three regional assets

VITAL HEALTHCARE PROPERTY TRUST
Managed by NorthWest Healthcare Properties Management Limited
vhpt.co.nz

MARKET RELEASE
Managed by NorthWest Healthcare
Pr operties Management Ltd
26 November 2020


Vital sells three regional assets to acquire a premium metropolitan hospital
NorthWest Healthcare Properties Management Limited (the Manager), as manager of
Vital Healthcare Property Trust (Vital), is pleased to announce that it has agreed terms for
the sale of the following assets:

1. Mayo Private Hospital, Taree, NSW;
2. Dubbo Private Hospital, Dubbo, NSW; and
3. North West Private Hospital, Burnie, Tas.
The aggregate sale price is a 14.7% premium to the aggregate 30 June 2020 book value
of NZ$87.4m (excludes selling costs and foreign exchange impacts).
All three sales are expected to settle by the end of the 2020 calendar year
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.
The proceeds will be used to fund the acquisition of Grace Hospital, a premium,
metropolitan hospital in New Zealand (refer to announcement on 24 November 2020 for
more details).
– ENDS –
ENQUIRIES:
Aaron Hockly, Fund Manager - Vital
Tel 09 973 7301, Email aaron.hockly@nwhreit.com


Michael Groth, Chief Financial Officer, NorthWest Healthcare Properties Management
Limited
Tel +61 409 936 104, Email michael.groth@nwhreit.com

About Vital (NZX code VHP):
Vital Healthcare Property Trust is an NZX-listed fund that invests in high-quality healthcare
properties in New Zealand and Australia including private hospitals (~80% of rent),
Medical Office Buildings (~10% of rent) and aged care (~8% of rent).

Vital is the only specialist listed landlord of healthcare property in Australasia and
currently has a portfolio valued at over $2.2 billion.

Vital is managed by NorthWest Healthcare Properties Management Limited, a subsidiary
of Toronto Stock Exchange listed NorthWest Healthcare Properties REIT, a global owner
and manager of healthcare property.

For more information, visit our website: www.vhpt.co.nz
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Subject to the purchaser receiving approval from the Foreign Investment Review Board (Australia).