Wakefield Hospital – Stage 2

Wakefield Hospital is the largest private hospital in the Wellington region, located on a 2.2ha site 5km south of Wellington’s CBD.

Vital has committed to a full redevelopment of Wakefield planned in stages to minimise disruption to ongoing business continuity. The completed development will result in a seismically resilient, modern and functional facility including eight operating theatres, 47 beds, a 3,000 sqm medical consulting building and over 260 carparks.

The first stage of this project involved the construction of a new building housing medical specialist consulting space, a full radiology unit, and new administration and front of house areas and is complete. Stage 1 of the Wakefield development was judged and provided an excellence award at the 2022 property council awards in the civic, health and arts category.

Stage 2 comprising the new theatres and beds is underway with demolition completed and earthworks commenced.

The project incorporates a base isolated design. This reduces the potential for critical damage during an earthquake and increases the probability that services will continue to be provided following a material seismic event.

The combined value of the development works is approximately $141m (Vital’s commitment $112.8m) and is being undertaken on an agreed return on cost whereby the development costs are converted into additional rent for the operating partner, Evolution Healthcare.