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 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 Summary

As at 31 December 2023 Grace Hospital
281 Cheyne Road, Tauranga
  • $105.1m Market Value
  • 27.0yrs WALE
Asset class Hospital (Acute)
Occupancy 100.0%
Major tenant Evolution Southern Cross (JV)
Market capitalisation rate 5.4%