Board renewal

NorthWest Healthcare Properties Management Limited (the Manager), the manager of Vital Healthcare Property Trust (Vital), is pleased to announce further renewal of its Board.

Angela Bull has been appointed as an Independent Director and member of the Audit Committee effective 26 April 2022. She replaces Andrew Evans who will retire from these roles effective 30 June 2022 to enable a transition period. Andrew has been on the Board of Vital’s manager since 2007.

Angela is currently Chief Executive of Tramco Group, a New Zealand owned property investment company which specialises in large scale land holdings, notably the Viaduct Harbour precinct in Auckland and Wairakei Estate in the Waikato. She holds a Bachelor of Laws and a Bachelor of Arts (Political Science) and practised property and environmental law prior to her executive career. Angela held a number of senior positions over a 10-year period with Foodstuffs, most recently being General Manager Property Development for Foodstuffs North Island. Angela is an independent director of the Real Estate Institute of New Zealand, realestate.co.nz, Foodstuffs South Island Ltd and Foodstuffs NZ Ltd. She is located in Auckland, New Zealand.

The Manager’s Independent Chair, Graham Stuart, said
“The Board appreciates Andrew’s long and committed service to the Manager and Vital. During Andrew’s tenure, Vital’s assets have grown from ~$250m to ~$3bn, net tangible assets have grown from $1.30 to $3.12 per unit and Vital’s total unitholder returns have averaged 11.2% per annum.

We welcome Angela onto our Board and look forward to her applying her extensive skills and experience in property, law and governance to help continue to deliver superior returns for Vital’s unitholders.

The replacement of Andrew with Angela maintains key existing attributes of the Board including majority independent directors, geographic balance (two directors in each of New Zealand and Australia and one director in Canada) and an appropriate skills mix.”

Change of Director 173kb Download