Wakefield Hospital
32 Florence Street, WellingtonWakefield Hospital is operated by Evolution Healthcare, a leading healthcare provider, and serves as the largest private hospital in the Wellington region, located on a 2.2ha site 5km south of Wellington’s CBD.
The recently redeveloped Hospital is a seismically resilient and modern facility with 7 operating theatres, 2 cardiac cath labs, 81-beds including ICU and HDU, a 3,000sqm medical consulting building and ~265 carparks.
Stage 1 of the project earned an excellence award at the 2022 Property Council Awards in the Civic, Health, and Arts category. The project incorporates a base-isolated design to reduce the risk of critical damage during earthquakes and to enhance the likelihood of service continuity following a significant seismic event.
Currently, the Hospital is undergoing an Endoscopy Expansion with completion forecasted for Early 2027. The latest refurbishment will operationalise a dedicated Advanced Endoscopy Centre in an existing building with 2 operating theatres and 1 procedure room.
Property Summary
As at 30 June 2026 Wakefield Hospital 32 Florence Street, Wellington-
$206.0 Market Value
-
29.14 yrs WALE
| Asset class | Hospital (Acute) |
|---|---|
| Occupancy | 100.0% |
| Major tenant | Evolution Healthcare NZ |
| Market capitalisation rate | 5.5% |
| Sustainability Features | Base isolation to reduce earthquake damage |
