Bowen Hospital
Property Summary
Asset class:
Acute hospital
WALE:
28.5 years
Occupancy:
100%
Major Tenant:
Acurity Health Group
Market capitalisation rate:
5.50%
Location:
98 Churchill Dr, Crofton Downs, Wellington 6035
Wale:
28.5 years
Bowen Hospital is a two level hospital facility and five-level specialist consulting buiding, located approximately 3km north of Wellington’s CBD. Originally constructed in 1971, the facility has undergone upgrades and renovations including a recent $34m development adding three operating theatres and consulting building housing consulting space, an endoscopy unit and chemotherapy clinic.
Vital has committed to the development of a radiation oncology unit at the site, which is an extension of the recently completed chemotherapy services at Bowen operated by a partnership between Icon Cancer Care and Acurity Health Group.
Contact
Drugh Woods
New Zealand Asset Manager
