Post by Kiwi Frontline on Dec 4, 2019 4:05:43 GMT 12
AUCKLAND IWI EYES PORTS OF AUCKLAND PROPERTY
An Auckland iwi is putting its hand up to buy part of the city's waterfront if Ports of Auckland operations are moved to Northland.
Today Ngāti Whātua Orākei released its plans to develop almost 100 hectares of land including the Ports of Auckland and Quay Park.
The central Auckland hapū is welcoming talk of the port's move - and is looking to form an iwi consortium to buy the land if it comes up for sale.
Ngāti Whātua Orākei is the ahi kā for the Auckland CBD - and in 1996 bought 20 hectares of land at Quay Park for $44 million.
The iwi's worth stands around $1.5 billion - and it's putting its hand up to buy the land and foreshore that Ports of Auckland currently sits on if it ever comes on the market.
Ngāti Whātua Orākei deputy chair Ngarimu Blair said he was excited by the current political environment.
"We use to own that part of the Waitematā and we want to own it again - and our money is as good as anyone else's.
"And we can lead a consortium of that size to reacquire it again."
That consortium, Mr Blair said, could include iwi powerhouses Ngāi Tahu, Waikato Tainui and Tuaropaki......
www.rnz.co.nz/news/national/404747/auckland-iwi-eyes-ports-of-auckland-property
An Auckland iwi is putting its hand up to buy part of the city's waterfront if Ports of Auckland operations are moved to Northland.
Today Ngāti Whātua Orākei released its plans to develop almost 100 hectares of land including the Ports of Auckland and Quay Park.
The central Auckland hapū is welcoming talk of the port's move - and is looking to form an iwi consortium to buy the land if it comes up for sale.
Ngāti Whātua Orākei is the ahi kā for the Auckland CBD - and in 1996 bought 20 hectares of land at Quay Park for $44 million.
The iwi's worth stands around $1.5 billion - and it's putting its hand up to buy the land and foreshore that Ports of Auckland currently sits on if it ever comes on the market.
Ngāti Whātua Orākei deputy chair Ngarimu Blair said he was excited by the current political environment.
"We use to own that part of the Waitematā and we want to own it again - and our money is as good as anyone else's.
"And we can lead a consortium of that size to reacquire it again."
That consortium, Mr Blair said, could include iwi powerhouses Ngāi Tahu, Waikato Tainui and Tuaropaki......
www.rnz.co.nz/news/national/404747/auckland-iwi-eyes-ports-of-auckland-property