Endoscopy Auckland (Property)24 Kipling Avenue, Epsom (settlement subject to OIO approval)
A modern private surgical hospital, operated by a joint venture between two of the preeminent private hospital operators in New Zealand; Evolution Healthcare and Healthcare Holdings (owner of Mercy Ascot). Established in 2001, Endoscopy Auckland comprises one operating theatre, 2 endoscopy/laparoscopy rooms and 10 in-patient beds.
Development is currently underway to convert the existing building to mixture of endoscopy and day surgery and to construct a new standalone endoscopy building. The development will provide 4 additional endoscopy procedure rooms and upgrade the existing building to include two operating theatres with scope for a third.
Property SummaryAs at 31 December 2021 Endoscopy Auckland (Property) 24 Kipling Avenue, Epsom (settlement subject to OIO approval)
$23.0m Market Value
|Asset class||Hospital (Specialty)|
|Major tenant||Evolution Healthcare & Healthcare Holdings (owner of Mercy Ascot)|
|Market capitalisation rate||4.5%|