NZ’s Vital Healthcare Property Trust partners Hall & Prior to buy NSW care facility

Published on

Australasia’s largest listed investor in healthcare real estate announced it has bought the Grafton Aged Care facility (pictured) in northeast NSW in partnership with WA and NSW-based aged care operator Hall & Prior.

The partners have signed an initial 20-year lease term for the 12,400sqm site which includes the small 43-room facility, with a total of 83 beds, and two adjacent residential properties for potential future expansion.

The facility in South Grafton, 70km north of Coffs Harbour, will be Hall & Prior’s 11th care facility in NSW, after acquiring four last year.


About Author