Endoscopy Auckland

Endoscopy Auckland

22 - 24 Kipling Avenue, Epsom (24 Kipling Avenue's settlement subject to OIO approval)

Endoscopy Auckland was acquired in a sale and leaseback transaction between operator Evolution Healthcare and Vital in mid 2022. The acquisition also included a development approval to construct a ~1,400m2 standalone dedicated endoscopy suite with 4 procedure rooms, 25 car parks, reception and waiting areas. Construction works are underway with the first of the slab pours commencing in April 2024. The project is forecast for completion in September 2025 and has an estimated total cost of ~$32m.

Development Summary

As at 31 March 2024 Endoscopy Auckland
22 - 24 Kipling Avenue, Epsom (24 Kipling Avenue's settlement subject to OIO approval)
  • $32.2m Development Cost
  • Late-25 Forecast Completion Date
Stage Under Construction
Spend to Date $9.9m
Cost to Complete $22.3m
Forecast Income Return 5.37%