Post by Kiwi Frontline on Mar 3, 2021 3:44:53 GMT 12
IWI TAKES 'MAJOR STAKE' IN RETIREMENT VILLAGE
In a major investment move, Porirua-based iwi Ngâti Toa Rangatira (Ngâti Toa) has taken a majority stake in the Whitby Lakes Retirement Village.
The multi-million dollar transaction sees Ngâti Toa take a two-thirds shareholding in Aegis Retirement Living Limited, the newly-created entity owning the retirement village in the Porirua suburb of Whitby.
The remaining one-third will be held by the original developer of the village, Sandy Foster.....
www.voxy.co.nz/business/5/382700
In a major investment move, Porirua-based iwi Ngâti Toa Rangatira (Ngâti Toa) has taken a majority stake in the Whitby Lakes Retirement Village.
The multi-million dollar transaction sees Ngâti Toa take a two-thirds shareholding in Aegis Retirement Living Limited, the newly-created entity owning the retirement village in the Porirua suburb of Whitby.
The remaining one-third will be held by the original developer of the village, Sandy Foster.....
www.voxy.co.nz/business/5/382700