The Timaru Herald is on the move.
Keith Whitehead, of Nelson, has bought the Herald's Bank St building as part of a "long-term family investment".
The Herald will move to the former South Canterbury Finance building in Sophia St in December.
Mr Whitehead said the Bank St building was a versatile investment thanks to its size, four entry points and three frontages.
He declined to elaborate on what the building would be used for but said his plans for the building could take some time to develop.
"Watch this space over the next 12 months," he said.
Mr Whitehead has "an interest" in other Timaru buildings, including the South Canterbury District Health Board's Woollcombe St premises and the Smiths City building at the south end of Stafford St.
Timaru Herald general manager Chris McAuslin said he was delighted to announce the move.
"It would be fair to say our current building has seen better days and it's incredibly pleasing for both our staff and customers to be moving into modern offices that better represent a leading media company.
"We have been looking for new premises for over three years now, so it's a significant milestone for us to sell our old site and move into offices that will see us well into the future."
The Herald has been in its Bank St premises since leaving its Sophia St premises in 1984.
Mr McAuslin said the move was a strong signal to everyone that the Herald is not only alive and well, but looking positively towards its future.
"This site will give us a great location to further develop our existing print publications as we grow and expand our services into the digital and online world."
Mr McAuslin said the new site meets a range of other key criteria, including a better working environment, a prime location in the centre of town and a seismically safe working environment.
"We are looking forward to this move and can promise all our readers and clients that the Herald will keep representing the views and opinions of South Canterbury for many years to come."
- The Timaru Herald