The property sector has welcomed Fonterra's request for a new state-of-the-art campus-style world headquarters in Auckland by May 2016.
Graham Darlow, chief executive of Fletcher Building's construction division, said the the project is needed.
"A significant project like this would be a welcome boost for the Auckland CBD construction market, which has been relatively subdued over the past few years," Darlow said.
"When projects like Fonterra's proposal come about, especially in the current climate, it does lift the level of confidence in the commercial construction sector. When a project like this goes ahead, the benefits to the sector are considerable."
Fonterra issued a 21-page request for information document, saying it needed 11,000-13,000sq m net lettable office space, a further 200 carparks on site and another 300 nearby, sited near hotels, child care, green spaces and public transport, in or on the edge of Auckland's CBD.