Land sale falls through

The sale of a second lot of land and buildings owned by Fisher & Paykel Appliances Holdings at East Tamaki has fallen through.

The company sold its refrigeration manufacturing facility, head office and the former laundry manufacturing building to Direct Property for $53 million in October 2009.

A second lot comprising the remainder of the East Tamaki site was also sold to Direct Property but that sale was conditional on finance.

The sale did not go through.