New Zealand aluminium door and window profile sector leader Architectural Profiles Limited is to invest more than $250 million in an expansion that will create a 57ha business and industrial estate near Cambridge.
APL, currently Hamilton-based, will over the next five years move into new buildings on 30ha of the estate, which will be the fast-growing Waipa district's biggest industrial development.
The project will include 5.5ha hub for quality visitor accommodation, conference centre, healthcare and childcare facilities, a research and development area and limited retail.
APL chief executive Craig Vincent said the company may sell the other 20ha of the project land or offer design and build development.
Waipa District Council cleared the way for the development which will border the Waikato Expressway by approving a private plan change for deferred industrial zone and rural zone land at Hautapu, on Cambridge's northern skirts.
