Archive for February, 2014

Farmers Announces Plans for Return to Rangiora

5 February 2014

The following is from a media statement released by The Farmers today.

Rangiora’s Farmers department store, closed for nearly two years, will be rebuilt despite an unsettled insurance dispute.  

    The store’s lengthy closure has been blamed for the town centre’s slow recovery following the earthquakes.  

    However, in an announcement today Farmers chief financial officer Michael Power said the company and property owner Mandeville Properties were working together to build a new store on the same site.  

    The new store of approximately 5000 square metres would include up to five speciality shops.   

    The current building suffered extensive damage in the earthquakes and has been the subject of a protracted dispute between Mandeville Properties and ACE Insurance Ltd.   

    Power said Farmers would continue to facilitate discussions between the insurer and the owners on a settlement of the claim.  

    “We understand how difficult this has been for our customers and the wider business community. While the question of insurance has yet to be settled we want to get things moving again as quickly as possible for the benefit of everyone,” Power said.   

    He could not say when construction on the new store would begin.  

    “We’re hopeful of getting things started very soon but because the details are yet to be worked out I really can’t say when a new store will open.” 

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