Bowen Hospital

Bowen Hospital

98 Churchill Drive

Bowen Hospital is a two-level hospital facility and five-level specialist consulting building, located approximately 3km north of Wellington’s CBD. Originally constructed in 1971, the facility has undergone upgrades and renovations including a recent $34m development adding three operating theatres and consulting building housing consulting space, an endoscopy unit and chemotherapy clinic.

We are currently completing a small development of $6.3m to fit out a fifth operating theatre, refurbish an existing ward and provide additional consulting space.  Forecast completion is mid 2023.

Property Summary

As at 31 December 2021 Bowen Hospital
98 Churchill Drive
  • $71.4m Market Value
  • 27.9yrs WALE
Asset class Hospital (Acute)
Occupancy 100.0%
Major tenant Evolution Healthcare NZ
Market capitalisation rate 4.8%