Seeka Kiwifruit Industries Ltd has acquired land currently leased by Te Puke kiwifruit tour operator Kiwi360, for the site of their new corporate head office.

The NZX-listed company has also sold and subleased properties that no longer meet the company's requirements.

Land leased by Kiwi360 has been acquired by Seeka. Photo: File.

It has confirmed the purchase of a 7.44 hectare property south of Te Puke and a 5.44 hectare kiwifruit orchard adjacent to the property, with the purchase to be completed on January 20, 2016.

The 7.44 hectare property is leased to Green Circle Limited, the Kiwi360 business operator, which will stay on site until April 20 next year.

The 5.44 hectare orchard is directly across the road from Seeka's Transpack Packhouse in Young Road, Maketu, and is adjacent to its Transcool coolstore and KKP Packhouse.

The company advises that it has also reached an unconditional agreement to sell its New World building in Te Puke, across the road from its current head office.

This property will settle in February 2016 and was sold at its 2015 purchase price.

The company had originally intended to relocate its head office to the New World building.

Seeka Chief Executive Michael Franks says he is delighted with the purchase.

The properties were offered to Seeka on the basis of a friendly deal that suited the Kiwi360 business, which intended to relocate, and an owner that was looking to sell.

A deal had been struck that allowed Kiwi360 to continue with its own relocation plan and would enable it to meet its cruise ship commitments in the current year.

Michael says Seeka plans to relocate its head office to the Kiwi360 site in the middle of 2016. Local Te Puke architects Page Henderson have been commissioned to help with planning the conversion from tourism operation to Seeka's kiwifruit headquarters.

'Seeka's commitment to the area remains strong and the linkage between the site and kiwifruit has been preserved,” says Michael.

'The deal is a good one for everyone concerned.”

Seeka has also sublet two vacant properties on Totara Street in Mount Maunganui.

These properties, which are adjacent to its Huka Pack sites, were on long term leases as part of Seeka's purchase of Huka Pack in 2010 from Te Awanui Huka Pack.

From 2016, they have been subleased for 14 years to an independent third party.

The annual sublease value will fully offset Seeka's head lease cost.