Media release - Iwi Partnership to purchase Crown Land

E Ngāti Tūwharetoa whānui, tenei ka mihi hei poroporoaki ki ngā mate huhua kei runga i ngā marae o to tatau rohe. Ratau ki a ratau, haere atu rā

Ka huri taku rae ki te hunga ora, e oku kaumatua, oku pākeke, ki a tatau ki te mata o te whenua, tēnā koutou katoa

As we reported at our Annual General Meeting in December of last year, one of the key tasks identified for completion by the Tūwharetoa Settlement Trust was the acquisition of the Corrections land at Hautu and Rangipō. To complete this purchase, we have established a partnership of Tūwharetoa entities to raise the required funds. Also important to note is that these entities have structured an arrangement for hapū participation and long term ownership.

While we have signed a conditional sale and purchase agreement, there are still a number of aspects to be completed. We are confident this transaction will go unconditional by the end of May.

This is an exciting time for Ngāti Tūwharetoa and as outlined in the attached, we look forward to finalising this deal on 30 June 2015.

Piki te ora, te kaha me te maramatanga ki a tatau katoa.

Nāku, nā

 

Dylan Tahau

Chairman

Media_statement_-_Iwi_Partnership_to_purchase_Crown_land.pdf (Size: 190.28 KB)

Posted: Wed 22 Apr 2015

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