Firefighters have activated a third alarm to help fight a "well involved" shed fire in the Rukuhia District south of Hamilton.
The shed, 100m by 100m, is a complex of industrial businesses which houses cars, machinery, hay and pool manufacturing equipment.
Fire Emergency New Zealand Waikato area commander Roy Breeze said about "70 per cent of the building is totally damaged by fire".
"We are now stopping the fire from coming into the areas that are not burned," Breeze said.
At its peak five water tankers, a dozen other appliances and up to 50 firefighters were on scene.