New Zealand’s largest kiwifruit grower Seeka is to sell a 288-hectare orchard portfolio of nine farms, including six that it recently acquired from T&G Global.
Seeka said it was calling for bids by August 15 for the Northland orchards. The company acquired T&G’s Kerikeri-based kiwifruit orchards, packhouse facilities and assets for about NZ$40 million (US$27 million), with the second stage of the transaction settling just two weeks ago.
“It was always Seeka’s intention to market the Northland land holding as it focused on refurbishing the post-harvest facility,” chief executive Michael Franks said in a statement.
“This is an excellent opportunity for investors to gain a significant stake in prime New Zealand horticultural orchards and land, with a mix of mature orchards in production, orchards in development, across kiwifruit and avocados.
“The portfolio includes bare land for future development. The offer will come with long-term orchard management and post-harvest services provided by Seeka.”