Property For Industry completes $76 million Fisher & Paykel Appliances warehouse

The project also completed the first phase of converting an underutilized industrial estate, the former F&P Appliance site, into a 10-hectare warehouse and warehouse complex, Woodhams said.

PFI was developing at the F&P Appliances site, which it bought in a sale-leaseback deal in 2009, he said.

The listed property company could expand the F&P Appliances warehouse to 30,000 sq ft, Woodhams said. m, if its tenant required it.

The home appliance giant was once owned by locals, but in recent years it has been taken over by Chinese multinational home appliance company Haier and its devices remain extremely popular among New Zealanders.

Eliza Humphreys, chief executive of the home appliances giant, said the completion of the new distribution center was a major milestone.

“This will provide us with future confidence and enable us to increase sales volumes with our retail and construction partners, while allowing us to expand through new technologies and business models, including our ability to transact directly with customers through our own sales channels,” she said.

Fisher & Paykel Appliances had deep cultural ties to Auckland, particularly East Tamaki, where it was founded.

“We strongly believe in tradition and heritage, and as part of our move to new offices in 2026, we are proud to maintain that connection with East Tamaki through our physical presence,” she said.

On October 30, PFI investors and analysts took a tour of the new white goods warehouse, another PFI facility on Bowden Road, Mount Wellington, Auckland.

Hayden & Rollett built the warehouse, which took 15 months to complete, Woodhams said.

The company owns 91 properties leased to 128 tenants, mainly in Auckland. Over the past year, the company made a profit of $51.7 million after taxes, up from $21.2 million previously. His investment portfolio valuations have stabilized.

The Springs Rd development is a three-phase project with two more warehouses planned.

PFI chairman Dean Bracewell told the company’s annual general meeting on October 23 that the company had also signed a design and build agreement with global manufacturer MiTek to build a 6,500 sq ft warehouse. m. “MiTek” will become the support of the second stage of redevelopment, while the remaining 4800 sq. m. m of warehouse space will be developed on a speculative basis.

The first work on the second phase is expected to begin early next year, with the project scheduled for completion in mid-to-late 2026.

Plans for the balance of the facility include warehouse space of approximately 17,500 square meters. m, office space with an area of ​​500 sq. m, transition area and canopies with an area of ​​4,200 sq. m and a yard of 2,300 sq.

The timing of phase three will be determined by tenants, Bracewell told shareholders.

Not just a new DC

In a separate project separate from PFI and the new warehouse in East Tamaki, Fisher & Paykel Appliances is building a new head office in Great South Road, Penrose, close to its Fletcher Building headquarters.

Construction is underway there on a radical new $220 million, three-building global headquarters.

Mark Elmore, vice-president of design and brand for the Kiwi brand, said Naylor Love had been contracted to build two of Penrose’s three new buildings, with the third being a car park, but the tenant on the site had not yet completed a lease.

“For us, this is the next platform for Fisher & Paykel Appliances’ global growth – a purpose-built R&D facility located very close to the train station,” Elmore said last year when the new headquarters was announced.

A three-level office block made from solid cross-laminated timber rises at 830 Great South Rd. The design was carried out by RTA Studio and consultant project manager TSA Management.

Then there’s the new experience center.

And in its third move last year, the appliance giant opened a high-end experience center aimed primarily at overseas designers, buyers and architects.

Located at 199 Great North Road, Gray Lynn, the hotel features flat screens showcasing our landscapes, including West Coast beaches, and a 4,000-year-old sculpted bog kauri trunk is split lengthwise to reveal the contours of its natural heart .

Lunch at the restaurant is served at a 9.5-metre waka table for 22 people with Simon James chairs.

It was designed to showcase the entrepreneurial spirit of Paora Tuhaere, the Ngati Whātua chief who bought a schooner in 1863 and sailed between the site and Rarotonga, establishing trade routes and strong connections.

The interior design was done by Rufus Knight. Six display kitchens showcase appliances.

Anne Gibson was HeraldA real estate editor for 24 years, he has written books and covered real estate issues widely here and abroad.