News | Business
8 Jul 2025 14:17
NZCity News
NZCity CalculatorReturn to NZCity

  • Start Page
  • Personalise
  • Sport
  • Weather
  • Finance
  • Shopping
  • Jobs
  • Horoscopes
  • Lotto Results
  • Photo Gallery
  • Site Gallery
  • TVNow
  • Dating
  • SearchNZ
  • NZSearch
  • Crime.co.nz
  • RugbyLeague
  • Make Home
  • About NZCity
  • Contact NZCity
  • Your Privacy
  • Advertising
  • Login
  • Join for Free

  •   Home > News > Business

    A 50-million-dollar capital raise to fund a major expansion to a private hospital in Christchurch, has been over-subscribed by 30 percent, and closed within weeks

    A 50-million-dollar capital raise to fund a major expansion to a private hospital in Christchurch, has been over-subscribed by 30 percent, and closed within weeks


    According to Business Desk, Forte Health Precinct owner NHL Properties appointed Mainland Capital as a fund manager, in late 2023.

    It planned a two-month capital raise from February, with a target of 35 to 50-million dollars.

    Executive director and co-founder of Mainland Capital, Ben Bridge, says investors were attracted by the quality of the new building, exposure to the private healthcare sector and targeted returns of more than 10 percent.

    © 2025 Newstalk ZB, NZCity

     Other Business News
     08 Jul: Iwi-owned commercial entities have outperformed some of New Zealand's largest listed companies
     08 Jul: A focus shift in the red meat sector's yielded strong export revenue for another month
     07 Jul: The hard questions NZ must ask about the claimed economic benefits of fast-track mining projects
     07 Jul: Tweaks to the Family Boost scheme from this month - aiming to help combat high living costs, and cover people missing out
     07 Jul: The Government's expanding the its FamilyBoost scheme, with changes taking effect retrospectively from the start of this month
     06 Jul: Our newsroom's revealed more than 200 people were able to enter New Zealand on work visas for defunct businesses later exposed as fronts for a network of cannabis grow houses in Auckland
     05 Jul: The Toyota's RAV4's held it's top spot as the favourite passenger car - in a standout month for vehicle sales
     Top Stories

    RUGBY RUGBY
    It’s harder than you think to become a top sports official in football, soccer and the rugby codes More...


    BUSINESS BUSINESS
    Iwi-owned commercial entities have outperformed some of New Zealand's largest listed companies More...



     Today's News

    Education:
    Belief a local golf course is key for developing sportspeople - as a golf course on Auckland's North Shore faces major change 14:17

    Rugby:
    It’s harder than you think to become a top sports official in football, soccer and the rugby codes 14:07

    Accident and Emergency:
    A two-vehicle crash in Waikato has left three people injured, two seriously, on State Highway 29, south of Matamata 14:07

    Entertainment:
    Ozzy Osbourne reunited with all his original Black Sabbath bandmates for his final ever live performance on Saturday (05.07.25) 14:06

    Rugby:
    A major blow for the All Blacks in their test series against France 13:47

    Entertainment:
    Amanda Kloots has spoken of her unending grief, five years after losing her husband Nick Cordero 13:36

    Rugby League:
    Former Warrior Kevin Campion is pointing to the success of the New South Wales Cup team as evidence they'll manage the loss of Luke Metcalf in the NRL 13:27

    Entertainment:
    Jessie J regrets not saying "goodbye to her old breast" amid her mastectomy 13:06

    Living & Travel:
    The Texas flood disaster 'nobody expected' sparks questions about what went wrong 12:37

    Entertainment:
    Ashley Tisdale says having kids highlights the "flaws" in a marriage 12:36


     News Search






    Power Search


    © 2025 New Zealand City Ltd