Business

Vital trustee’s fees highlight manager’s even richer gravy train

Management fees charged to Vital Healthcare Property Trust are not only out of whack with market norms, they’re also at odds with the way its own trustee’s fees are structured.

Even so, Vital’s trustee, Trustees Executors, is paid about 63 percent more than the trustee of the only other remaining property trust listed on NZX - Goodman Property Trust - whi

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