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Wakefield Hospital

Wellington

Property Summary
As at 30 Jun, 2019

Asset class:

Acute hospital

WALE:

28.5 years

Occupancy:

100%

Major tenant:

Acurity Health Group

Market value:

NZ$33,076,000

Market capitalisation rate:

5.50%

Location:

Florence Street, Newtown, Wellington.

Wale:

28.5 years

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

Vital has committed to a full redevelopment planned in stages to minimise disruption to ongoing business continuity. The completed development  will result  in a seismically resilient, modern and functional facility including 8 operating theatres, 42 beds, a 3,000 sqm medical consulting building and over 260 carparks. Expansion capacity will be built into the design to allow for future growth as required. 

You can follow live construction updates here 

 

Contact

Drugh Woods
New Zealand Asset Manager

dwoods@vhpt.co.nz

Sophie Benfell-Brinsden
Property Manager