NGA014 Whai Rawa AR 2014

INTRODUCTIONS

‘TE PAIME TEWHAI RAWAOTĀMAKI’/‘THE LUXURYANDWEALTHOF TĀMAKI’.

The 2013/14 financial year was the first full year of operations for Ngāti Whātua Ōrākei Whai Rawa Limited (Whai Rawa). During this period Whai Rawa established its strategic direction and set long and short-term goals. This strategic focus enabled Whai Rawa to make substantial progress and achieve success throughout the year. It is now well-positioned to deliver sustainable benefits to future generations of Ngāti Whātua Ōrākei.

Whai Rawa’s work over the 2013/14 financial year saw its total assets grow by almost 10% and its annualised revenues operating revenues increase by a similar amount. The Company’s investment portfolio also grew through significant transactions with government and major commercial players. Its purchase of a landmark commercial property in the central business district has strengthened Whai Rawa’s position as a serious participant in the Auckland property market. Closer to home, Whai Rawa is continuing to assist the Ngāti Whātua Ōrākei Trust in advancing the housing ambitions of the hapū. It played a leading role in the Kāinga Tuatahi project, which will deliver much-needed affordable housing opportunities. Whai Rawa has negotiated the gradual return of housing stock from Housing New Zealand. A refurbishment programme has now commenced, and Whai Rawa has set a high standard for how these homes will be renovated and maintained going forward.

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