Investment Committee Members
Chairman – HTST Trustee
Independent – Property Manager
Independent - Investment Advisor
Independent - Lawyer
Heretaunga Tamatea Settlement Trust established its Investment Committee in October 2020. There are three Trustees from HTST on the committee. These are Chairman Renata Hakiwai, representative for Omahu Marae, Kane Koko, representative for Taraia Marae, and Keri Ropiha, representative for coastal marae, Rongomaraeroa.
Three highly experienced independents are also on the committee. These are Daniel Musset - Investment Advisor, Ben Nettleton – Lawyer, and Justin Kean - Property Manager.
The Investment Committee is responsible for growing the putea and leading the associated developments, including managing investments, appointing fund managers and more direct investment, including the development of the property portfolio.
The first task of the Investment Committee was to put in place the Investment framework that includes the Investment Strategy and the Statement of Investment Policy and Objectives.
The first major investment made by Heretaunga Tamatea Settlement Trust was the purchase of 22 hectares at 238 Stock Road, Bridge Pa on the 28th of February 2020.
The attraction of this land is its location at the eastern fringe of Flaxmere and neighbouring property at 49a Dundee Drive, Flaxmere. It also presents an opportunity to develop a housing stronghold in collaboration with the Hastings District Council, Kainga Ora and other housing providers that will bring affordable and warm houses to the people of Heretaunga Tamatea.
The property portfolio grew on 3 June 2021 with the purchase of six properties from the Deferred Purchase programme. This programme provided HTST with an 18 month timeframe from the settlement date to indicate its interest in purchasing certain listed properties. Six properties were purchased through this programme:
April 2020 - March 2021 Financial Year