Provided by NZX
  • FPH10.61

    $0.232.17%

  • Open 10.38 High 10.61 Low 10.35 Bid Price 10.6

    Offer Price 10.62 Value 8750590.1 Volume 836496

Current as of 26/05/17 07:40PM NZST

F&P chooses Mainzeal

Fisher & Paykel Healthcare chief executive Michael Daniell. Photo / Derek Flynn
Fisher & Paykel Healthcare chief executive Michael Daniell. Photo / Derek Flynn

Fisher & Paykel Healthcare has chosen Mainzeal Property and Construction as the main construction contractor for the $95 million development of a third building on Healthcare's Auckland site.

Construction of the 31,000sq m building would start later this month and was expected to be finished in late 2012. Site works were substantially completed, Healthcare said today.

Chief executive Michael Daniell said Healthcare continued to see strong opportunities for growth in the respiratory care, acute care and obstructive sleep apnea markets.

"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," Mr Daniell said.

Construction of the building will be funded by a combination of operating cash flow and existing debt facilities.

- NZPA

Get the news delivered straight to your inbox

Receive the day’s news, sport and entertainment in our daily email newsletter

SIGN UP NOW

© Copyright 2017, NZME. Publishing Limited

Assembled by: (static) on production bpcf03 at 28 May 2017 01:50:47 Processing Time: 615ms