F&P looks to build second campus
By HME News Staff
Updated 2:06 PM CDT, Thu September 1, 2022
AUCKLAND, New Zealand – Fisher & Paykel Healthcare has entered into a sale and purchase agreement to acquire a 105-hectare site in Karaka for $275 million to build a second campus in New Zealand. “With our current site nearing capacity, we are pleased to take this step towards securing additional land to enable our continued growth,” said Scott St. John, board chair for Fisher & Paykel Healthcare. “We have consistently signaled the importance of long-term infrastructure planning to help us deliver on our sustainable, profitable growth strategy and our aspirations of doubling constant currency revenue every five to six years. In order to take advantage of the opportunities ahead of us, we need more space.” Development of the new campus will occur over a 20- to 30-year period, with a focus on earthworks and core infrastructure over the next five years. The site is 25 kilometers south of F&P’s existing campus. The purchase is conditional on Overseas Investment Office approval.
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