The 7008sq m Farmers site in downtown Tauranga has been purchased by Farmers Trading Company. Photo/Supplied
The 7008sq m Farmers site in downtown Tauranga has been purchased by Farmers Trading Company. Photo/Supplied
Farmers Trading Company has purchased the building it has tenanted for 40 years for just over $13 million.
The building, one of the largest in the CBD, was put up for sale by the trustees of the Parnwell Trust Partnership last month and attracted 35 expressions of interest from potentialbuyers, including some from overseas.
The building was sold for $13,271,500 to The Farmers Trading Company Limited.
In a statement released through lawyers Sharp Tudhope, the Parnwell Family said they were "particularly pleased" that Farmers was the successful purchaser of the property given the "longstanding and cooperative relationship" they have had with Farmers, who had occupied the CBD site for over 40 years.
