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Download AudioA crown company set up to invest in assets for a future Ngāpuhi settlement has bought kiwifruit orchards in Kerikeri and Maungatāpere and a commercial building in Kerikeri.
Tupu Tonu deputy chair Ripeka Evans says in its first year the fund has committed 10 per cent of its $150 million pūtea.
She says the primary sector and property are priorities for the fund, in line with the letter of expectation from the shareholding ministers.
“There’s no secret. We’ll publish our annual report very shortly that give the public and Ngāpuhi more comfort and assurance that we’re on track to continue investing. In particular, investing for the long term across the rohe for the long term”, she says.
When a settlement with ngā hapū o Ngāpuhi is eventually concluded, Tupu Tonu’s assets can be handed over any increase in capital value over the $150 million will not be counted against the settlement quantum.
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