Post by Kiwi Frontline on May 17, 2018 17:29:31 GMT 12
IWI COMMERCIAL PROPERTY INTERESTS CONTINUE TO GROW
Maori tribal organisations are likely to grow in wealth as the Crown concludes more treaty settlements - and commercial property players need to consider where they will invest.
Bayleys Tu Whenua director Ward Kamo said iwi assets had grown to more than $8 billion among 70 iwi and they had become key partners for people and businesses wanting to invest.
The amount under iwi control will grow with each settlement - and benefit other tribes who have already settled because of a special relativity clause giving them top ups.
When the South Island's Ngai Tahu settlement of $170 million was agreed, it was on the expectation the total amount for all tribes would be about $1b in 1994 dollars. The envelope was exceeded in 2012.
If settlements went beyond this amount, tribes who had settled would be entitled to maintain a proportionate payout through additional payments.
At the end of 2017 Waikato-Tainui received an extra $190m, and Ngāi Tahu $180m.
These sums pale into comparison with the amount tribes believe they may be entitled to - for example Ngai Tahu negotiators have estimated historical losses of up to $15b.
They are currently in mediation with the Crown over another payment after another recent payment of $18m.
Crown treaty settlement relativity clauses run until 2044 - meaning the value of all iwi assets will grow with each settlement......
www.stuff.co.nz/business/103955605/iwi-commercial-property-interests-continue-to-grow
Maori tribal organisations are likely to grow in wealth as the Crown concludes more treaty settlements - and commercial property players need to consider where they will invest.
Bayleys Tu Whenua director Ward Kamo said iwi assets had grown to more than $8 billion among 70 iwi and they had become key partners for people and businesses wanting to invest.
The amount under iwi control will grow with each settlement - and benefit other tribes who have already settled because of a special relativity clause giving them top ups.
When the South Island's Ngai Tahu settlement of $170 million was agreed, it was on the expectation the total amount for all tribes would be about $1b in 1994 dollars. The envelope was exceeded in 2012.
If settlements went beyond this amount, tribes who had settled would be entitled to maintain a proportionate payout through additional payments.
At the end of 2017 Waikato-Tainui received an extra $190m, and Ngāi Tahu $180m.
These sums pale into comparison with the amount tribes believe they may be entitled to - for example Ngai Tahu negotiators have estimated historical losses of up to $15b.
They are currently in mediation with the Crown over another payment after another recent payment of $18m.
Crown treaty settlement relativity clauses run until 2044 - meaning the value of all iwi assets will grow with each settlement......
www.stuff.co.nz/business/103955605/iwi-commercial-property-interests-continue-to-grow