Founded in Christchurch in 1918 by Henry Cooper Smith - Smiths City Group Limited is a Christchurch based holding company active in three complementary industry segments – Retail, Property & Consumer Finance.
Further to its announcement on 7 August 2015 (regarding the conditional sale and lease-back of the above property), the company is pleased to advise that both the sale and lease-back of the above property are now unconditional. Settlement of the sale and the commencement date of the lease are set down for Friday 30 October
As advised to the shareholders of Smiths City Group Limited in its annual report for the year ending 30 April 2015, the directors have engaged Colliers International to investigate market interest in the Colombo Street property including the possible sale and lease back of the property. The company is pleased to advise that Smiths City
Smiths City (Southern) Limited is the Groups trading arm. This company operates through three divisions Smiths City, Powerstore and Alectra with centralised back office support functions. The over-riding retail strategy centres upon the retailing of branded products.