Trust Business
Lease Hold Sections
There are 28 leasehold sections leased for 20 years from 1 October 1997, with a 5 year rent review and a right of renewal for a further 20 years.
New Business Loans
As detailed in the distribution policies the trust makes funds available to owners and descendants of owners to help them get started in new business ventures. Previous loans have been for tourism ventures, a logging cartage contractor.
Hinehopu Golf Club
Comprising approx 23ha leased for 10 years from 1 October 1997 with 5 year rent reviews and a right of renewal for 10 a further years.
Old Tea Rooms site
History
This area is currently a vacant section and was previously leased to Te Runanga O Ngati Pikiao for 5 years from 1 May 2002 , rent reviews every 2 ½ years and a right of renewal for a further 5 years.
Short term lease for 1 year: 2018
Fulton Hogan have been engaged by the Rotorua District Council to construct the new Rotoma/Rotoehu sewage scheme. The trustees have negotiated a short term lease for the use of the site to house office and storage facilities for the duration of the project.
Fulton Hogan will be constructing a fence to provide security for the site and at the completion of the lease will remove all items and return the site to its initial condition at the completion of the project in early 2019.
This area is currently a vacant section and was previously leased to Te Runanga O Ngati Pikiao for 5 years from 1 May 2002 , rent reviews every 2 ½ years and a right of renewal for a further 5 years.
Short term lease for 1 year: 2018
Fulton Hogan have been engaged by the Rotorua District Council to construct the new Rotoma/Rotoehu sewage scheme. The trustees have negotiated a short term lease for the use of the site to house office and storage facilities for the duration of the project.
Fulton Hogan will be constructing a fence to provide security for the site and at the completion of the lease will remove all items and return the site to its initial condition at the completion of the project in early 2019.
Investment Portfolios
Separate portfolios are managed by ABN Amro Craigs.
