Quote:
Earlier this year we initiated a process to monetise all or part of our property holdings at Mt.Wellington. While the level 4 lockdown restrictions forced Colliers to delay the sale process, I canreport that good progress has been made in recent weeks. The response from the market confirmsthat the Board made the correct decision to re-frame the scope of the property offer to include all ofour buildings on the site. Management, supported by external consultants, are finalising a propertystrategy that includes significantly downsizing our Mt Wellington footprint, a higher-profile presencein a central Auckland site, alongside a commitment to an ‘anywhere works’ programme that enablesmany of our crew to work flexibly between their homes and the Company’s sites. Onceimplemented we will provide a workspace that supports cultural change, facilitates new ways ofcollaboration and working, and better meets the needs of our team.
My reading of it (which could be very wrong):