PHOTO: STACY SQUIRES/STUFF – The Ngai Tahu King Edward Barrack development in central Christchurch is one of the tribe’s many large commercial assets.
Maori tribal organisations are likely to grow in wealth as the Crown concludes more treaty settlements – and commercial property players need to consider where they will invest.
Bayleys Tu Whenua director Ward Kamo said iwi assets had grown to more than $8 billion among 70 iwi and they had become key partners for people and businesses wanting to invest.
The amount under iwi control will grow with each settlement – and benefit other tribes who have already settled because of a special relativity clause giving them top ups.
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