Bowen Hospital98 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 SummaryAs at 31 December 2021 Bowen Hospital 98 Churchill Drive
$71.4m Market Value
|Asset class||Hospital (Acute)|
|Major tenant||Evolution Healthcare NZ|
|Market capitalisation rate||4.8%|