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Ngāti Kahungunu Iwi Incorporated has bought one of the North Island's biggest sheep and cattle stations.The 3680ha Tautane has been owned by the Herrick family for 111 years.
It includes 12 kilometres of coast including Cape Turnagain.
Tautane is the place where Henare Matua established the Repudiation Movement, an attempt to overturn all Māori land sales in the 1860s.
Asset holding company chair Rangi Manual says the land will be leased to Taratahi Agricultural Training for New Zealand, which will create opportunities for people from the iwi to be trained as farm managers and agri-scientists.
The coastal area could be used for aquaculture, sea ranching and reseeding of kaimoana stocks, and the iwi also sees the farm as part of its "gate to plate" plan to sell quality food into high end Asian markets.
Local hapū Ngāti Kere has adjacent farm blocks.
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