Seeka considers sale and leaseback of Australian orchards

Mon, 29 Jul 2019

By Rebecca Howard July 29 (BusinessDesk) - Kiwifruit grower and marketer Seeka said it is looking at a potential sale and leaseback on some or all of its orchard portfolio in Australia. Funds would be used to accelerate orchard development and repay debt, it said. Seeka Australia currently holds over 273 hectares of orchards in production or development, with approximately 278 hectares available for new development. The portfolio includes 163 hectares of kiwifruit and 110 hectares of European and Asian pears, of which 21 hectares are...

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