PHOTO: DAVID WALKER/STUFF Ngai Tahu Property is more known for its commercial and residential property developments. Its Pita Te Hori Centre in central Christchurch comprises two five-level office buildings. a six-level car park and a large landscaped garden and opened in 2017.
Competition is about to heat up with the South Island’s largest iwi, Ngai Tahu, buying almost 70 hectares of industrial land for subdivision and sale south of Christchurch.
More well-known for its residential and commercial office development, the iwi’s property arm, Ngai Tahu Property, has purchased a 32 hectare block of land in Hoskyns Road, Rolleston, about 20 kilometres south of central Christchurch, and a 36ha block in Shands Road, Hornby, which is part of the former Heinz Watties property.
Ngai Tahu is developing subdivision plans for both blocks and is targeting buyers who want to buy the freehold land without building ties.
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