Pou Tāhua
Financial
Our Pou Tāhua objective focusses on strategic diversification by growing non-forestry assets alongside forestry activities, aligning with owner and hapū aspirations.
We aim to significantly grow our assets, diversify beyond forestry, and ensure strong, sustainable cash flow to support Lake Taupō Forest Trust programs and investments.
Investments
Te Whare Hono ō Tūwharetoa Limited Partnership
He Whare Hono ō Tūwharetoa is the newest landmark in the Taupō CBD, owned by the partnership of key Tūwharetoa entities including Tūwharetoa Māori Trust Board, Tūwharetoa Settlement Trust, Tauhara Properties Limited, Tupu Angitū, Ngāti Tūwharetoa Fisheries Holdings Limited and Lake Rotoaira Forest Trust.
The building was opened in March 2025 and houses Tūwharetoa entities (including the Tūwharetoa Māori Trust Board, Tūwharetoa Settlement Trust and Ngāti Tūwharetoa Fisheries), as well as the Tāupo District Council who are leasing 3000sq.m for use as council offices, economic development agency Amplify, and destination marketing agency Love Taupō.
Tūwharetoa Hau Rau LP and Te Puia Tāpapa LP
Tūwharetoa Hau Rau Limited Partnership (THRLP) comprises 10 Ngāti Tūwharetoa commercial entities that hold 18.0% of the shares in Te Puia Tapapa Limited Partnership (TPT). THRLP was established for the specific purpose of joining a group of 25 other Iwi and Māori organisations to establish the Te Pūia Tāpapa fund.
TPT has a total fund commitment of $115 million. Tupu Angitu has a total commitment of $6 million. The purpose of the Fund is to pool financial resources to increase Māori investment into a broader scale of assets alongside large investors such as the NZ Super Fund and ACC.
Iho Tahi Fund
The Iho Tahi fund is a 50/50 limited partnership between PMG Holdings Ltd and Tupu Angitu and Opepe Farm Trust. It is intended that the fund will invest in properties and provide Māori wholesale investors access to unlisted commercial property. The fund will be Ao Māori focused in its investment ethos, tailored to Māori investors and target green investments and local/central government agency tenants. This investment will be a strong contributor towards our land strategy.
Oriens Capital
Established in 2016, Oriens invests in high quality, privately ownedNew Zealand companies with long-term growth prospects and typically focuses on businesses with an enterprise value range of$10m to $50m. Each investment is typically between $5 million and $15 million in size. TALP is invested in the Oriens Capital Private Equity Fund 1and 2 which holds shares in 6 companies including RockitGlobal Ltd.
PMG Group Limited
PMG is an established property funds manager which manages a number of unlisted property funds varying across industrial, office, childcare and large-format retail sectors. As a property funds manager licensed by the Financial Markets Authority, PMG is responsible for sourcing property investment opportunities, managing financing (equity and debt), management and administration of the funds, as well as managing all tenants and facilities.
Tupu Angitu has co-invested into PMG alongside Oriens Capital and is also setting up the Iho Tahi Fund with PMG. In December 2023 we increased this investment in response to a further call for capital from PMG to support their acquisition of a funds management company in Ōtepoti.
Te Kiri o Moehau
Alongside Netcor NO 2, we have acquired and are operating and redeveloping the Huka Prawn Park site at Wairakei. This project will redevelop the site to include new hot pools, an upgrade to the restaurant and a revitalised and diversified aquaculture offering and accommodation.
Alongside a positive financial return, the project is expected to deliver environmental benefits through replanting on the site, the restoration of the Te Kiri o Hinekai stream and opportunities for taonga species and to create significant numbers of new jobs for whānau in a number of different industries.
