Fisher & Paykel Healthcare has reached an agreement to sell a portion of its land in Drury, Auckland, to Health New Zealand for the development of a new hospital.
The company will sell 13 hectares of its 105-hectare site on Karaka Road for $45.3 million.
The land, which is locatednext to the Ngākōroa train station and fronted by State Highway 22, will be used to serve the growing South Auckland population.
Fisher & Paykel Healthcare plans to retain the remaining land for its second campus in New Zealand.
The settlement of the sale is expected to take place between March and June 2027, pending certain conditions.
