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

 


CBRE To Handle Sale, Leaseback of Ingham Property Portfolio

CBRE Appointed To Handle Sale And Leaseback of Ingham Property Portfolio

Sydney, 10 March 2014 – Global buyer interest is anticipated in the upcoming sale and leaseback, of two significant property portfolios belonging to Ingham Enterprises – Australasia’s largest integrated poultry company.

CBRE has secured the exclusive mandate to manage the sale and leaseback campaign on behalf of Ingham.

Mr Kevin McBain – Ingham’s CEO commented, “The sale of the two property portfolios will release capital and provide us with an opportunity to invest in business growth and improvement initiatives across our poultry and stockfeed operations in Australia and New Zealand.”

CBRE’s Danny Thomas and Mark Granter will manage the sale process, which involves circa 53 high quality industrial and agricultural properties across Australia and New Zealand.

The size and scope of the two portfolios and the strength of the lease covenant to Ingham is expected to drive considerable local and offshore buyer interest in the campaign.

“The properties are strategically located across Australia and the North Island in New Zealand and are, with one exception, being offered on lease terms of 20 years with five further 10 year options,” Mr Granter said.

The properties have been divided on a specialisation basis into two portfolios with Portfolio 1-Industrial including processing plants, feedmills and hatcheries and Portfolio 2- Agricultural/Rural comprising of breeder farms.

Mr Thomas said, “The sale represents a once in a generation opportunity to acquire such an extensive and strategic group of properties. A key attraction for buyers would be the structure of the lease agreements to Ingham, one of the region’s most respected poultry companies.”

The majority of the properties are located within close proximity to major urban centres, with a number located within well-established and highly regarded industrial locations.

“Ingham is, as always, committed to growing the business and the nature of the sale and leaseback agreements enables us to continue to offer our customers the highest levels of quality and service. The day-to-day operations will continue to run as usual,” said Mr McBain.

Expressions of Interest (EOI) close on Tuesday 15th April, 2014.

ENDS

© Scoop Media

 
 
 
 
 
Business Headlines | Sci-Tech Headlines

 

Tubes: Tasman Global Access Cable Goes Live

Spark, Vodafone and Telstra have today announced the Tasman Global Access (TGA) cable is officially in service and ready to carry vast quantities of Internet traffic between New Zealand and the world. More>>

ALSO:

Theresa Does: Brexit Letter Sees NZD Touch Week-High Vs GBP On Brexit

The New Zealand dollar rose to a week-high against the British pound and euro after UK Prime Minister Theresa May officially triggered Britain's exit from the European Union. More>>

ALSO:

Statistics: Business Research And Development Up 29 Percent

Computer services and machinery manufacturing firms led the way in an almost 30 percent lift in business spending on research and development (R&D) in 2016, Stats NZ said today. Businesses spent $1.6 billion on R&D in 2016, up $356 million (29 percent) from 2014. More>>

ALSO:

China Shopping: NZ-China FTA Upgrade Agreed Among Slew Of New Deals

New Zealand Prime Minister Bill English and China Premier Li Keqiang signed off a series of cooperation deals spanning trade, customs, travel and climate change and confirmed commencement of official talks on an upgrade to the nine-year old free-trade agreement between the two countries. More>>

ALSO:

Get More From Scoop

 
 
 
 
 
 
 
 
Business
Search Scoop  
 
 
Powered by Vodafone
NZ independent news