City store sold to family trust
Most of the former Farmers-Haywrights store building in Cashel Street — a Christchurch city centre retail landmark — has been sold to a family trust. Mr B. C. Brunt, who said he was the buyer, said there was “one small portion we are not buying — about 15 per cent of the building.” Mr Brunt said that “the family trust was not ready to disclose plans for the future of the building, which has a large amount of vacant space at present. The Home Centre is run by a separate company that leases part of the building, which included the last of 19 stores formerly trading as Farmers-Hay-wrights. Earlier this year, 30 staff at the New Zealand Farmers’ Co-Operative Association’s Cashel Street store were made redundant after a former sale of the building fell through. The association’s chief executive, Mr J. B. Buxton, yesterday confirmed the new sale, but said he was not at liberty under its terms to disclose the identity of the buyer.
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Press, 25 June 1983, Page 9
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168City store sold to family trust Press, 25 June 1983, Page 9
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