Grace Hospital281 Cheyne Road, Tauranga
Grace Hospital was acquired by Vital in December 2020 and is the only private inpatient hospital in Tauranga. It is a 51-bed, 11-theatre facility along with on site radiology and consulting services.
Grace Hospital provides a range of surgical services including Orthopaedics, Cardiology, Cosmetic Surgery, Urology and others.
It was purpose-built in 2007 and expanded in 2020. It is located on a ~4-hectare site providing significant future expansion opportunities.
Property SummaryAs at 31 December 2020 Grace Hospital 281 Cheyne Road, Tauranga
$96.5m Market Value
|Asset class||Hospital (Acute)|
|Major tenant||Norfolk Southern Cross Limited|
|Market capitalisation rate||5.3%|