Seeka Posts Record $62m Profit as Zespri Lifts 2026 Forecast
More signs of a booming kiwifruit sector.
The Zespri Board last night approved plans for a new office building on its current site in Mount Maunganui.
Zespri chief financial officer Dave Hazlehurst explains Zespri’s new building will provide a home for its world-class brand and a future-proof building to support the industry’s strong growth outlook.
“Zespri has well and truly outgrown our existing building as the organisation has grown to support our industry’s rapid progress,” Hazlehurst says.
“With global sales expected to more than double to $4.5 billion by 2025, the new building will provide the facilities we need to deliver this growth for the kiwifruit industry. We’re excited to show our community and growers something we can all be proud of.
“This development will connect us with both our local community and the global markets, and includes redeveloping the public park so the community can continue to enjoy this green space in the heart of the Mount. Zespri’s investment in the new building shows our long-term commitment to the Bay of Plenty which produces around 80% of our premium Zespri Kiwifruit.”
The new building will be a hub for the kiwifruit industry with facilities to host growers and office space for other kiwifruit organisations. It will also provide a fitting venue to host international trade, government and media delegations on behalf of the industry.
Zespri is investing over $40 million for design, build, fit out, furnishing and landscaping of the new 4,800m2 landmark office complex with basement car parking. The three-story complex will stand in a park-like setting and includes onsite parking for around 190 cars, mostly underground, to reduce the traffic impact on the community.
“We’ve incorporated some features to make the building more efficient and sustainable, like a smart façade, efficient heating and air conditioning services, and water recycling. We’ve also developed flexible working arrangements to allow staff to work in different workspaces when doing different work – this increases productivity and reduces the physical footprint of the building,” says Hazlehurst.
The architects for the project are Warren & Mahoney and Beca has been appointed as the project manager. The construction contract will open for tender shortly.
Zespri bought the land on its site at 400 Maunganui Rd from Tauranga City Council in December last year and has been operating from the site since 1996. Work will start on the site in the first quarter of next year, with the building set for completion by the end of 2018.
The old brick Zespri building, constructed in the 1970s, will eventually be demolished and replaced with parkland.
Synlait has swung to second-half profit as operations stabilise, but the dairy processor still posted a $75.4m annual loss.
LIC shareholders have elected a new North Island representative to the co-operative's Board, along with five representatives to its Shareholder Reference Group (SRG), following the company's Annual Meeting held in Invercargill.
Farmers across parts of Southland and South Otago are continuing to deal with difficult conditions after a prolonged run of wet weather, with pressure building around feed supply, stock management, pasture damage, farm infrastructure and everyday workloads.
Federated Farmers says it welcomes Labour's commitment to reviewing the Sharemilking Agreements Act, calling on other major parties to do the same.
For Canterbury dairy farmers Sian Meijer and Rick Wobben, wearable technology has become one of their most valuable on-farm tools - helping manage 1850 cows across an expansive, high-performing dairy operation while improving efficiency, mating outcomes and day-to-day decision making.
Fonterra has unveiled its annual results for the 2026 financial year, posting $27 billion in revenue and close to $20 billion returned to New Zealand farmer owners and unit holders.

OPINION: The same mainstream media muppets that brought you Jacindamania in 2017 have been flat out pimping for the Opportunities…
OPINION: Your old mate reckons the atrocious way farmers in the UK are treated by their lords and masters in…