Ascot Hospital

Remuera, Auckland

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Property Summary
As at 30 Jun, 2016

Asset class:

Acute hospital

Market value:

$90,000,000

Market capitalisation rate:

6.4%

WALE:

19.1 years

Occupancy:

100%

Major tenant:

Ascot Hospital & Clinics Limited

Location:

90 Greenlane East, Remuera

Ascot Hospital and Clinics is a private surgical and medical hospital with associated consulting areas.

Ascot Hospital is one of the Trust’s flagship properties and is considered one of New Zealand's premier private surgical and medical facilities, with 12 operating theatres, 88 inpatient beds, specialist consulting suites, an on-site radiology provider and a 24-hour accident and emergency clinic. It also has a high dependency unit and offers coronary care facilities.

In December 2013 the Trust announced that it had secured a new 30 year lease with Ascot Hospital and Clinics Ltd at the site.