Tūwharetoa buys 8,500ha of central North Island Crown-owned land for $20M

Wed, 22 Apr 2015

April 22 (BusinessDesk) - The Tūwharetoa Settlement Trust and associated entities has paid about $20 million for 8,500 hectares of Crown-owned land in the central North Island, adding to the vast swathe of forestry land vested in the region's iwi under the CNI Forests Collective Settlement. The purchase price doesn't include the forestry crop on the land, which is commercially sensitive, Corrections Minister Peseta Sam-Lotu-Iiga said in a statement. The land includes the Tongariro-Rangipo Corrections Facility and the Hautu prison farm near T...

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