7 Jun 2011

Hospital laundry sold

12:22 pm on 7 June 2011

Vital Healthcare Property Trust has sold its hospital laundry and sterilisation facility in Point Chevalier, Auckland, for $12.5 million.

The sale is part of the trust's strategy to sell lower value or non-core assets.

The sale should settle next month. The money will be used to repay debt.