max
°
min
°
Location:
COLOR-Waatea logo 2016-final

On Air Now
Radio Waatea

12:00am - 06:00am
Ed Sheeran

Ngati Whatua assets up 22 percent in year

Share to Email
Share to RSS
Share to Print

Galloping Auckland property values have boosted the wealth of the city’s mana whenua iwi, with Ngati Whatua Orakei Trust reporting a 22 percent increase in the value of its assets to $767 million.

Chair Phillip Davis says while its Whai Rawa investment arm is growing the financial base, its Whai Maia social arm is delivering more support to whanau.

During the year the trust focused on housing for whanau and other Aucklanders, protecting its settlements and reviewing its trust deeds.

He says 41 houses were upgraded to a new housing standard at a cost to $30,000 to $50,000 for each whare, making them warmer and healthier for whanau.

Whai Rawa chairman Michael Stiassny says while the company benefited from the overall strength of the Auckland property market, it also made strategic investments such as the acquisition of AECOM House in the central business district.

That contributed $3.7 million in operating revenue from November to June.

Whai Rawa plans to reinvigorate its Quay Park precinct on former railway land, and it will move 30 whanau into its Kainga Tuatahi development in Orakei next year.

Copyright © 2015, UMA Broadcasting Ltd: www.waateanews.com

www.matarikifestival.org.nz

matariki x
E-Tangata-16062019
LETSLEARN-86
 
Should we strip Oranga Tamariki of its name?
Martyn 'Bomber' Bradbury: You get the feeling that the Ministry of Vulnerable Children's name change to Oranga Tamariki was a brown washing exercise to gloss over the much more violent reality of what this new agency would be doing.
Does size matter? The Cross-Cultural Politics of the Penis.
Dr Rawiri Taonui: Those who apply a cultural double standard to condemn indigenous art as obscene while ignorant of their own tradition are the sorts of people who refer to sexual intercourse as having a naughty.
It's okay to kōrero, it's okay to be Māori
Dr Rawiri Taonui: In Tauranga last week there was a ‘It’s okay to be White’ leaflet drop. Complaints also came to light against netball teams from Māori schools for speaking te reo on court.
0
TMP2
           

Submit

Glossary

 

Subscribe

Enter your email address to receive regular updates from Waatea News.
  • fb

On Air Now
Radio Waatea

12:00am - 06:00am