Artist’s rendering of the upcoming fifth Fisher & Paykel building.
Fisher & Paykel Healthcare Corp. (NZX: FPH) is planning to construct a fifth building on its East Tāmaki campus in Auckland, New Zealand.
“We are excited to add this new building to complete our East Tāmaki campus,” said Andy Niccol, Fisher & Paykel’s chief operating officer in a March 6 announcement. “This project is a purposeful investment in infrastructure to ensure we have the necessary capacity and resources in New Zealand to progress our pipeline of innovative products and therapies.”
The new facility will be approximately 301,000 square feet (28,000 square meters) and “will showcase a cohesive blend of spaces for research and development, manufacturing and distribution,” the announcement said. The estimated cost of building the facility is more than $143 million U.S. ($250 million New Zealand).
The East Tāmaki campus currently has nearly 4,000 employees “and the new building will accommodate the company’s expected growth in Auckland over the next five years,” Fisher & Paykel said. The new building should be operational in 2027.
Fisher & Paykel, which operates in the respiratory care and sleep apnea spaces, is also planning to expand its Karaka, Auckland campus, the announcement said.
Image courtesy Fisher & Paykel Healthcare Corp.
