Video | Agriculture | Confidence | Economy | Energy | Employment | Finance | Media | Property | RBNZ | Science | SOEs | Tax | Technology | Telecoms | Tourism | Transport | Search


FFNZ Sells Agriculture House

Federated Farmers of New Zealand (Inc) President Alistair Polson today announced the sale of Agriculture House; the Federation's Wellington headquarters.

"The decision to sell Agriculture House was driven by three key drivers; it is not the Federation’s core business to own buildings, the responsibility of the Federation's National Board to provide good accommodation for staff and the need manage assets prudently," said Mr Polson.

"Federated Farmers have retained naming rights for Agriculture House and the sale agreement provides for a leaseback of the building for six years with provision to sublet.

The sale facilitated by Jones Lang LaSalle provides a range of options for office accommodation in Wellington and the investment of the Federation’s assets.

"The building’s capital value represents a sizeable proportion of the Federation’s assets. Prudent management to avoid risks suggests that there should be a better spread of the Federation’s ongoing investments," Mr Polson concluded.


© Scoop Media

Business Headlines | Sci-Tech Headlines


CO2 And Water: Fonterra's Environment Plans

Federated Farmers support Fonterra’s bold push to get to zero emissions of CO2 on the manufacturing side of the Co-operative, both in New Zealand and across its global network. More>>


Fisheries: Decision To Delay Monitoring ‘Fatally Flawed’

Conservation group representatives say a decision by the new Minister of Fisheries, Stuart Nash, to delay implementation of camera monitoring of fishing efforts in New Zealand is ‘fatally flawed’. More>>


Kaikōura Quakes: One Year On

State Highway One and the railway were blocked by damage and slips and the Inland Road suffered significant damage. Farms, homes and businesses suffered building and land damage. Power and internet went down, drinking water systems, sewage systems and local roads were all badly affected... More>>