Grace Hospital
281 Cheyne Road, TaurangaGrace 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% |