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Ngati Whatua o Orakei’s $107 million profit is being put down to good stewardship, learning from mistakes and the hard work of the generations that have gone before.
The hapu’s annual meeting on Saturday heard that after revaluation of its former railway land in central Auckland, tribal assets now stand at $593 million.
Spokesperson Ngarimu Blair says over the past 35 years the tribe has been rebuilding its wealth, starting with elders securing 10 acres at Orakei after the 1978 Bastion Point occupation.
"We have made mistakes along the way and we have learnt from them, thankfully. We could have made many more mistakes and not learnt from them and be standing here today not talking about what we've built up but what we've lost, so thankfully for good stewardship by those who have gone before and hopefully those to come, we will keep building on the solid base," he says.
Ngati Whatua’s current activities include building affordable housing for its people near Orakei Marae and preparing for the major redevelopment of former navy land at Devonport.
Copyright © 2013, UMA Broadcasting Ltd
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