Fletcher’s Laminex sells Melbourne property for A$53.8m

NZ Herald

7 May, 2026 09:05 PMQuick Read

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Fletcher Building’s Laminex plans to sell its Melbourne property for A$53.8 million.

Fletcher Building says its Laminex AU business unit has agreed to sell its Cheltenham, Melbourne, property to Forza Capital for A$53.8 million ($65.3m).

Completion of the sale was conditional upon Forza’s satisfactory completion of environmental due diligence and receipt of internal governance approvals by mid-June 2026, the company said.

If
the conditions were satisfied, the transaction was expected to be completed by the end of the June 30, 2026, financial year, it said.

After the sale, the business would occupy the site for a minimum period of three years.

“This will allow time for a broader review of the manufacturing site requirements for Laminex AU to be completed.”