Grace Hospital – Stage 1

Grace Hospital – Stage 1

281 Cheyne Road, Tauranga

Grace Hospital was acquired by Vital in December 2020 and is the only private inpatient hospital in Tauranga. It is now a 48 bed, 9 operating theatre and 2 procedure room facility along with on site radiology and consulting services. Grace Hospital, purpose built in 2007, provides a range of surgical services including orthopaedics, cardiology, cosmetic surgery, urology and others.

Expansion of the hospital has been underway since 2020 with the completion of two new theatres completed in July 2022, a new endoscopy room forecast for completion in September 2024, 10 additional ward rooms and the reconfiguration of ancillary areas forecast for completion May 2026.  The project, being delivered in stages, has an estimated total cost of ~$37m.

Development Summary

As at 31 March 2024 Grace Hospital – Stage 1
281 Cheyne Road, Tauranga
  • $37.7m Development Cost
  • Mid-26 Forecast Completion Date
Stage Under Construction
Spend to Date $11.9m
Cost to Complete $25.8m
Forecast Income Return 5.47%