Grace Hospital

Grace Hospital

281 Cheyne Road, Tauranga

Grace Hospital was acquired by Vital in December 2020 and is the only private inpatient hospital in Tauranga. It provides a range of surgical services including orthopaedics, cardiology, cosmetic surgery, urology and others. Grace is now a 51-bed, 9 operating theatre and dedicated endoscopy procedure rooms along with on site radiology and consulting services.

A 10-bed expansion is currently underway and forecast to be completed in mid-2026. Beyond this, the hositable is also uplanning to undergo refurbishment to increase the Post-Anaesthesia Care Unit (PACU) from 11 to 17 beds to support theatre demand.

It is located on a ~4ha site providing significant future expansion opportunities.

Property Summary

As at 30 June 2026 Grace Hospital
281 Cheyne Road, Tauranga
  • $136.0 Market Value
  • 24.46 yrs WALE
Asset class Hospital (Acute)
Occupancy 100.0%
Major tenant Evolution Southern Cross (JV)
Market capitalisation rate 5.5%