Fisher & Paykel Healthcare has awarded the main construction contract for the third building on its Auckland site to Mainzeal Property and Construction. As announced in December last year, the healthcare equipment company is investing in a third buil
Fisher & Paykel Healthcare has awarded the main construction contract for the third building on its Auckland site to Mainzeal Property and Construction.
As announced in December last year, the healthcare equipment company is investing in a third building on its Auckland site to accommodate anticipated growth.
The total cost of the 31,000 m2 building project is expected to be about $95 million.
Site works have been substantially completed and building construction will start later this month, with completion expected in late 2012.
Construction of the building will be funded by a combination of operating cash flow and existing debt facilities.
“We continue to see strong opportunities for growth in the respiratory care, acute care and obstructive sleep apnea markets we serve with our innovative medical device technologies,” said Michael Daniell, Fisher & Paykel Healthcare's chief executive.
“The new building will provide increased research and development, laboratory, office, manufacturing and warehouse space and will provide the capacity to more than double our New Zealand based research, development and clinical marketing activities.”
