Grace Hospital – Stage 1

Grace Hospital – Stage 1

281 Cheyne Road, Tauranga

Grace Hospital was acquired by Vital in December 2020 and is the only private inpatient hospital in Tauranga. It is now a 51-bed, 9 operating theatre and 2 procedure room facility along with on site radiology and consulting services.

Grace Hospital, purpose built in 2007, provides a range of surgical services including orthopaedics, cardiology, cosmetic surgery, urology and others.

Expansion of the hospital has been underway since 2020 and is being delivered in stages. At completion of the final stage of this ~$37m development in mid-2026, Grace Hospital will become a 61-bed facility.

Development Summary

As at 30 September 2025 Grace Hospital – Stage 1
281 Cheyne Road, Tauranga
  • $36.7m NZD Development Cost
  • Mid-26 Forecast Completion Date
Stage Under Construction
Spend to Date $30.2m NZD
Cost to Complete $6.5m NZD
Forecast Income Return 5.5%