Ormiston Hospital – Stage 1125 Ormiston Road, Auckland
Ormiston Hospital is situated in Flat Bush, 25km south of the Auckland CBD and was purpose built in 2008. Ormiston is approximately 5km east of Auckland’s largest public hospital – Middlemore, and serves a significant catchment in one of Auckland’s strongest population growth corridors, with a resident population of approximately 540,000 people. Ormiston is the only private surgical hospital in the Counties Manukau District Health Board catchment.
Vital has commenced a 4,500 square metre expansion of the existing building to provide a new Endoscopy suite with three procedure rooms, 15 additional beds, 900 square metres of consulting space and future expansion space for the hospital operator. Total cost is forecast to be $38.1m with completion mid 2024.
Development SummaryAs at 30 September 2023 Ormiston Hospital – Stage 1 125 Ormiston Road, Auckland
$38.1m Development Cost
Mid-2024 Forecast Completion Date
|Spend to Date||$27.0m|
|Cost to Complete||$11.1m|
|Forecast Income Return||5.14%|