The sole tenant of the Properties is Inghams Enterprises (NZ) Pty Limited, which is a wholly-owned subsidiary of the Australian company, Inghams Group Limited (ASX:ING).
Inghams Group Limited are farmers, producers and distributors of poultry and stockfeed products across Australia and New Zealand. Inghams is the largest integrated poultry producer in Australasia, processing over 4 million birds per week. Ingham’s have a workforce of 8,000 and a strong network of processing
and distribution facilities across Australia and New Zealand.
The portfolio consists of six strategically located properties within the Matamata and Waitoa region. All six properties lie within a 60km radius of each other which is a key feature of the portfolio and is integral to the operation of the successful poultry supply chain.
4x Breeder Farms:
- 111 Pohlen Road, Matamata.
- 207 Mowbray Road, Matamata.
- 25 Okauia Springs Road, Matamata.
- 903 Leslie Road, Tapapa.
- 2 and 16 Banks Road and 7473-7481 State Highway 27, Matamata
- 594-668 Waihekau Road, Waitoa
The combination of the six properties presents a rare and hard to replicate portfolio. The locations are integrally linked and are close to each other, third party broiler farms and the Port of Tauranga. The complexity of the poultry supply chain network coupled with the resource consenting challenges in setting up a poultry farm, means that the Inghams portfolio of properties would be difficult to replicate elsewhere.