Post by Kiwi Frontline on Mar 19, 2021 3:51:57 GMT 12
IHUMĀTAO CAMPAIGNERS PROMISE TO 'STAY FOREVER' AS $29.9M SALE OF SITE COMPLETED
The purchase of the 33 hectares of freehold land at 545 – 561 Oruarangi Rd in Māngere, south Auckland, was finalised on February 17, a spokesperson from Te Tūāpapa Kura Kāinga – Ministry of Housing and Urban Development confirmed.
The deal was made explicitly outside the Treaty of Waitangi process, and the land was purchased with money from the Government’s Land for Housing Programme.
Fletchers Building made a $10.9m profit from the sale, after purchasing the land for $19m in 2014. The company however recorded a $196 million net loss in 2020.
Newton and other land protectors have been occupying the land for almost five years, after they moved in to stop Fletcher’s development of 480 homes.
She said there was no intention to move from Ihumātao, and the kaitiaki will remain on the site to protect the whenua......
www.stuff.co.nz/pou-tiaki/124557044/ihumtao-campaigners-promise-to-stay-forever-as-299m-sale-of-site-completed
The purchase of the 33 hectares of freehold land at 545 – 561 Oruarangi Rd in Māngere, south Auckland, was finalised on February 17, a spokesperson from Te Tūāpapa Kura Kāinga – Ministry of Housing and Urban Development confirmed.
The deal was made explicitly outside the Treaty of Waitangi process, and the land was purchased with money from the Government’s Land for Housing Programme.
Fletchers Building made a $10.9m profit from the sale, after purchasing the land for $19m in 2014. The company however recorded a $196 million net loss in 2020.
Newton and other land protectors have been occupying the land for almost five years, after they moved in to stop Fletcher’s development of 480 homes.
She said there was no intention to move from Ihumātao, and the kaitiaki will remain on the site to protect the whenua......
www.stuff.co.nz/pou-tiaki/124557044/ihumtao-campaigners-promise-to-stay-forever-as-299m-sale-of-site-completed