Developers of the site, a joint venture between listed entities Goodman Group and Fletcher Building, will now work together with Fonterra to finalise the necessary planning and building design, structure, and negotiations for a tenancy agreement.
Fonterra will not own or develop the building. It will be developed by the Goodman Group/Fletcher Building partnership and ultimately owned by the Goodman Group. Fonterra will take a long-term lease.
The Co-operative’s current lease expires in July 2016.
Source: Fonterra
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