Vital Healthcare Property Trust : VHP announces unconditional sale of 188 Health Centre, St Heliers

31st May, 2012

VHP announces unconditional sale of 188 Health Centre, Eastmed (Auckland)

Vital Healthcare Management Limited (the Manager), the manager of Vital Healthcare Property Trust (the Trust) today announced the unconditional sale of 188 Health Centre (Eastmed), in St Heliers, Auckland, for $8.35 million.

David Carr, CEO of the Manager, said "the sale is business as usual and forms part of our on-going portfolio rationalisation and capital management strategy". The sale was to a private investor.

The funds received from the sale will initially be used to repay debt, with settlement planned to occur in October

2012.

- ENDS - ENQUIRIES

David Carr, Chief Executive Officer

Vital Healthcare Management Ltd, Telephone 09 357 1818, Email dcarr@vhpt.co.nz

Stephen Freundlich, Fund Analyst & Investor Relations Manager

Vital Healthcare Management Ltd, Telephone 09 357 1835, Email sfreundlich@vhpt.co.nz

About Vital Healthcare Property Trust

With a portfolio value of over NZ$550m, Vital Healthcare Property Trust (NZSX: VHP) is New Zealand's largest listed entity investing in medical and healthcare properties in Australasia. With an expert understanding of the needs of healthcare tenants on both sides of the Tasman, we actively select, develop and manage quality properties to meet the growing demand for medical and healthcare services. Our 125 tenants, in 25 properties, provide essential healthcare services to thousands of patients while also undertaking research and providing support services that will make a difference to many more lives in the future. The Manager of Vital Healthcare Property Trust, Vital Healthcare Management Limited is owned by NorthWest Value Partners Inc., a private real estate investment firm based in Canada with healthcare real estate interests in Canada, Australia, New Zealand, Brazil and Germany.

Vitalhealthcareproperty.co.nz

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