Video | Agriculture | Confidence | Economy | Energy | Employment | Finance | Media | Property | RBNZ | Science | SOEs | Tax | Technology | Telecoms | Tourism | Transport | Search

 


Significant Benefits From Long-Term Lease of Wakakura

Significant Benefits From Long-Term Lease of Wakakura

Ngāti Whātua Ōrākei Trust Deputy Chairman Ngarimu Blair says a long-term lease agreed with Ryman Healthcare has significant benefits to the hapū.

“The Ngāti Whātua Ōrākei Trust has a responsibility to create inter-generational wealth for our people, and today’s announcement of the long-term lease with Ryman is an example of that.

“Ngāti Whātua Ōrākei remains the kaitiaki of the land at Wakakura and will always have mana there.

“We are proud that profits from the sale of the lease will be reinvested to provide greater returns to the hapū,” says Mr Blair.

Details of the lease agreement are commercially sensitive and therefore confidential, however the land at Wakakura remains in Ngāti Whātua Ōrākei ownership and will be leased to Ryman Healthcare for 150 years. This is contrary to earlier news reports that the land had been sold.

“Ngāti Whātua Ōrākei fought hard to get this land returned as part of our Treaty of Waitangi settlement with the Crown.

“Wakakura has not been sold, but all going well it will be developed and provide long-term sustainable benefits to our people,” said Mr Blair.

Rob Hutchison, chief executive of Whai Rawa, the Ngāti Whātua Ōrākei commercial arm, said the agreement with Ryman Healthcare is for 4.2 hectares, and is a small part of the total 21 hectares of hapū landholdings.

“The hapū has considered several options for development of its land, not just at Wakakura but across Tāmaki Makaurau.

“The Wakakura land, because of restricted access and Lake Road traffic problems, is unlikely to ever permit high density housing and the land value means affordable housing is uneconomic.

“Ngāti Whātua Ōrākei recently stated that a retirement village was the preferred and most viable option for the site, due both to traffic concerns and the ability to provide diverse housing in the area, particularly for the elderly,” said Mr Hutchison.

ENDS

© Scoop Media

 
 
 
 
 
Business Headlines | Sci-Tech Headlines

 

Sky City : Auckland Convention Centre Cost Jumps By A Fifth

SkyCity Entertainment Group, the casino and hotel operator, is in talks with the government on how to fund the increased cost of as much as $130 million to build an international convention centre in downtown Auckland, with further gambling concessions ruled out. The Auckland-based company has increased its estimate to build the centre to between $470 million and $530 million as the construction boom across the country drives up building costs and design changes add to the bill.
More>>

ALSO:

RMTU: Mediation Between Lyttelton Port And Union Fails

The Rail and Maritime Union (RMTU) has opted to continue its overtime ban indefinitely after mediation with the Lyttelton Port of Christchurch (LPC) failed to progress collective bargaining. More>>

Earlier:

Science Policy: Callaghan, NSC Funding Knocked In Submissions

Callaghan Innovation, which was last year allocated a budget of $566 million over four years to dish out research and development grants, and the National Science Challenges attracted criticism in submissions on the government’s draft national statement of science investment, with science funding largely seen as too fragmented. More>>

ALSO:

Scoop Business: Spark, Voda And Telstra To Lay New Trans-Tasman Cable

Spark New Zealand and Vodafone, New Zealand’s two dominant telecommunications providers, in partnership with Australian provider Telstra, will spend US$70 million building a trans-Tasman submarine cable to bolster broadband traffic between the neighbouring countries and the rest of the world. More>>

ALSO:

More:

Statistics: Current Account Deficit Widens

New Zealand's annual current account deficit was $6.1 billion (2.6 percent of GDP) for the year ended September 2014. This compares with a deficit of $5.8 billion (2.5 percent of GDP) for the year ended June 2014. More>>

ALSO:

Still In The Red: NZ Govt Shunts Out Surplus To 2016

The New Zealand government has pushed out its targeted return to surplus for a year as falling dairy prices and a low inflation environment has kept a lid on its rising tax take, but is still dangling a possible tax cut in 2017, the next election year and promising to try and achieve the surplus pledge on which it campaigned for election in September. More>>

ALSO:

Job Insecurity: Time For Jobs That Count In The Meat Industry

“Meat Workers face it all”, says Graham Cooke, Meat Workers Union National Secretary. “Seasonal work, dangerous jobs, casual and zero hours contracts, and increasing pressure on workers to join non-union individual agreements. More>>

ALSO:

Get More From Scoop

 
 
Standards New Zealand

Standards New Zealand
 
 
 
 
 
 
 
 
Business
Search Scoop  
 
 
Powered by Vodafone
NZ independent news