INVESTMENT OVERVIEW
The Trust was established in 2009 to receive the accumulated rentals from the Central North Island Forests Collective Settlement and to take a lead role within Ngāti Whakaue to advance charitable purposes. The Trust has grown its total net asset base from $9.3m to $25.3m
Key investments to date include:
Te Kākano Whakatipu (‘Kākano’) – this was an iwi collective investment (six partners) into Kāingaroa Timberlands, owner of New Zealand’s largest plantation forest. Kākano is invested alongside the New Zealand Superannuation Fund and Canada’s Public Sector Pension Plan.
Radius Residential Care Limited (‘Radius’) – this was a private equity-type buyout of a strategic shareholding (15% shareholding) in Radius, one of the largest privately held aged care management companies in New Zealand.
Golden Sands – this was an iwi collective investment (three partners) into a $6m residential development in Golden Sands, Pāpāmoa. The development is 38 lots, targeting the affordable housing end of the market, with titled sections on-sold to a construction company.
DGH Property Fund – this was a co-investment (10% shareholding) into a $10m property underwrite fund. The fund is a land acquisition and property underwrite fund with property in Rotokauri, Hamilton, Pāpāmoa and Tauranga.
current Investments Of the trust
Te Huinga Nehenehe | Forestry
Forestry is the Trust’s largest asset, accounting for approximately 47% of total assets. The Trust is invested through Te Kākano Whakatipu - a collective of six Central North Island iwi entities (includes Raukawa, Tuwharetoa, Ngāti Whare, Ngāti Rangitihi, Te Arawa Group Holdings), which owns a 2.5% shareholding in the Kāingaroa Timberlands forestry estate.
Te Huinga Tūwāhi | Property
The Trust has property investments through Hāpai – an iwi owned and managed fund invested in commercial property across the motu. The portfolio currently has commercial investment properties in Auckland, Tauranga, Hawkes Bay, Christchurch, and Dunedin, with high quality tenants and long average lease terms.
In December 2022 the Trust was excited to share news of the joint investment with Pukeroa Oruawhata Trust and Ngāti Whakaue Education Endowment Trust Board, to purchase the Rainbow Springs (Te Kohea) property from Ngai Tahu Holdings. Settlement is due to occur in December 2023 and a small team representing the investors are gathering development options for consideration. Like all investments, this will be expected to deliver future returns in line with our Principles, while contributing to our overall Vision. Watch this space!
Te Huinga Tahua Taurima | Managed Portfolio Funds
The Trust has managed funds with Craigs, Harbour Asset Management, Taurus Resources Fund No. 2 and Russell Investments. Our fund with Taurus Resources No. 2 Limited is in the winding down process.
