Tainui Group | |
Formerly | Iraklis Thirty One Limited [1] (24 March 1998 – 10 June 1998) |
Company type | Private |
Industry | Holding |
Founded | 24 March 1998 [1] |
Headquarters | 6 Bryce Street, , |
Key people | Chris Joblin - CEO |
NZ$84.01 million [2] (2015) | |
Total assets | NZ$1,163 million [2] (2015) |
Total equity | NZ$861.56 million [2] (2015) |
Owner | The Waikato Raupatu Trust [2] |
Members | 67,000 [2] (2015) |
Parent | Te Whakakitenga o Waikato Incorporated [1] |
Website | tgh.co.nz |
Tainui Group Holdings Limited is a New Zealand-based company owned by the Waikato Tainui iwi of the North Island of New Zealand. With main interests in tourism, fisheries, property and forestry it is among the wealthiest iwi in New Zealand, and annually contributes around $20 million to the Waikato Regional economy. [2]
The central North Island-based Tainui iwi has a corporate history dating back to 1995, when it settled for a $170 million package of cash and crown-owned land. [3] Tainui subsequently received top-ups to the value of 17 percent of the original settlement. [4]
On 3 December 2016, it was reported that Waikato-Tainui and Tainui Group Holdings Limited had come to an agreement with Auckland Airport to develop their second hotel near Auckland Airport. The new 5-star hotel will be named Te Arikinui after the mother of King Tuheitia. [5]
The hotel, like the Novotel Tainui, will also be under Accor management, and will be under the Pullman Hotels-brand. As a part of the deal with Accor and the Airport, the Airport has increased its stake in the Novotel Tainui to 50%, with Tainui Group Holdings retains 50%. [6]
The Base is a shopping centre located in Hamilton, New Zealand. The 30-hectare (74-acre) site was “confiscated” and it was given back before World War II to build the Te Rapa Air Force Base and was returned to the tribe in 1995. The Base was originally a joint venture with Warehouse Group between 2002 and 2007, before Tainui Group Holdings acquired The Warehouse Group's stake for $37.4 million. In 2009, Tainui Group Holdings is said to have invested $100 million developing The Base and had committed a further $100 million to further developing the shopping centre. [7]
In August 2015, Tainui Group Holdings announced intentions to sell up to 50% of The Base shopping centre and use the funds to repay debt and for other investments. [7]
Tainui Group Holdings acting chief executive Chris Joblin said, "Following a three-month review, we believe that now is the right time to seek an experienced joint venture partner and operator to help us take The Base to the next level of excellence." [7]
In April 2016, New Zealand-listed property investor, Kiwi Property Group agreed to buy 50% of The Base shopping centre from Tainui Group Holdings for $192.5 million and offered $197.5 million for the balance. [8] On 16 May 2016 it was confirmed that Kiwi Property will acquire 50% of The Base after Waikato-Tainui turned down the property investor's proposal to buy all of the shopping centre. [9]
On 23 July 2009, a joint venture was signed today between Accor Hospitality, Tainui Group Holdings and Auckland International Airport to develop, operate, and manage a 260-room Novotel-branded hotel located at Auckland Airport. The cost was estimated to be roughly $65m including hotel construction, which is estimated to be about $45m. The hotel is expected, and was, to be completed in time for Rugby World Cup 2011. Novotel Auckland Airport was designed by Warren & Mahoney Architects, with the final design to infuse subtle references to New Zealand culture and heritage. [10]
Tainui Group Holdings CEO Said, "The Airport hotel will also generate considerable long-term economic growth and provide many new jobs for the Auckland region. The hotel will assist Auckland and New Zealand tourism and trade. It will cater for the inevitable economic recovery and growth when it returns." [10]
On 26 November 2007, the Herald announced that Ngāi Tahu and Tainui had met at Arowhenua Marae in South Canterbury and signed deals to establish formal intentions on 23 November 2007 to work together, using a memorandum of understanding to form a basis to establish a working environment between the two iwi.
New Zealand Labour Party MP Shane Jones said, "You need to remember that Māori trusts and iwi organisations, they're very rarely sellers. They like to hold assets for a long, long time, and given the amount of foreign ownership in the economy, it's good that tribes work together and help to buy back some of those assets that looked lost." [11]
As the first joint-activity of the two tribes, in February 2009, Ngāi Tahu acquired 6% of Ryman Healthcare and subsequently on-sold 4.5% to Tainui; raisings its shareholding in Ryman to 8%, and establishing Tainui as a shareholder. [12]
In June 2014, Tainui and Ngāi Tahu as well as Pioneer Capital acquired Waikato Milking Systems NZ Limited under a limited partnership, Waikato Milking Systems LP. The partners have stated that they intend to grow the company, either naturally, or by mergers and acquisitions. The company is New Zealand's biggest manufacturer and designer of milking systems, and runs all aspects of its systems, from the stainless steel to the software that helps run the cowsheds. The company, at the time of purchase, had an annual turnover quickly approaching $100 million. [13] All three companies have an equal 33.30% share is the limited partnership. [14]
In August 2014, Ngāi Tahu and Tainui purchased GoBus from Australian private equity-firm Next Capital. The total purchase price was $170 million. The purchase is expected to gain approval from New Zealand's Overseas Investment Office due to the company selling GoBus being Australian-owned. [15]
In October 1998, Tainui invested in the Auckland Warriors for $3.5 million [16] [17] along with a consortium that included Graham Lowe and Malcolm Boyle, under the company Rugby League People Ltd. [18] Waikato-Tainui subsidiary MDC Investment Holdings Ltd owned 66.6% of the RLP in 2000. [18]
After several months of poor performance, the Warriors were offloaded in September 2000 to New Zealand Rugby League for a price reported to be around NZ$400,000. [19] It was reported that by the time MDC had sold their stake in the Warriors, they had already lost NZ$6.3 million. [20]
Iwi are the largest social units in New Zealand Māori society. In Māori, iwi roughly means 'people' or 'nation', and is often translated as "tribe", or "a confederation of tribes". The word is both singular and plural in the Māori language, and is typically pluralised as such in English.
Tainui is a tribal waka confederation of New Zealand Māori iwi. The Tainui confederation comprises four principal related Māori iwi of the central North Island of New Zealand: Hauraki, Ngāti Maniapoto, Ngāti Raukawa and Waikato. There are other Tainui iwi whose tribal areas lay outside the traditional Tainui boundaries – Ngāi Tai in the Auckland area, Ngāti Raukawa ki Te Tonga and Ngāti Toa in the Horowhenua, Kāpiti region, and Ngāti Rārua and Ngāti Koata in the northern South Island.
Ngāi Tahu, or Kāi Tahu, is the principal Māori iwi (tribe) of the South Island. Its takiwā is the largest in New Zealand, and extends from the White Bluffs / Te Parinui o Whiti, Mount Mahanga and Kahurangi Point in the north to Stewart Island / Rakiura in the south. The takiwā comprises 18 rūnanga corresponding to traditional settlements. According to the 2018 census an estimated 74,082 people affiliated with the Kāi Tahu iwi.
South Auckland is one of the major geographical regions of Auckland, the largest city in New Zealand. The area is south of the Auckland isthmus, and on the eastern shores of the Manukau Harbour. The area has been populated by Tāmaki Māori since at least the 14th century, and has important archaeological sites, such as the Ōtuataua stonefield gardens at Ihumātao, and Māngere Mountain, a former pā site important to Waiohua tribes.
Waikato Tainui, Waikato or Tainui is a group of Māori iwi based in Waikato Region, in the western central region of New Zealand's North Island. It is part of the larger Tainui confederation of Polynesian settlers who arrived to New Zealand on the Tainui waka. The tribe is named after the Waikato River, which plays a large part in its history and culture.
Ngāi Tai ki Tāmaki is a Māori tribe that is based in the area around Clevedon, part of the Auckland region. It is one of the twelve members of the Hauraki Collective of tribes.
Claims and settlements under the Treaty of Waitangi have been a significant feature of New Zealand politics since the Treaty of Waitangi Act 1975 and the Waitangi Tribunal that was established by that act to hear claims. Successive governments have increasingly provided formal legal and political opportunity for Māori to seek redress for what are seen as breaches by the Crown of guarantees set out in the Treaty of Waitangi. While it has resulted in putting to rest a number of significant longstanding grievances, the process has been subject to criticisms including those who believe that the redress is insufficient to compensate for Māori losses. The settlements are typically seen as part of a broader Māori Renaissance.
Ngāti Hauā is a Māori iwi of the eastern Waikato of New Zealand. It is part of the Tainui confederation. Its traditional area includes Matamata, Cambridge, Maungakawa, the Horotiu district along the Waikato River and the Maungatautari district, and its eastern boundary is the Kaimai Range. Leaders of the tribe have included Te Waharoa, his son Wiremu Tamihana and Tamihana's son Tupu Taingakawa. The tribe has played a prominent role in the Māori King Movement, with Tamihana and descendants being known as the "Kingmakers".
Ngāti Tahu – Ngāti Whaoa is a Māori iwi of New Zealand whose traditional territory lies between the Rotorua lakes and Lake Taupō, and is centred on Orakei Korako, on the Waikato River.
Duder Regional Park is a regional park situated on the coast to the east of Auckland, New Zealand, on the Whakakaiwhara Peninsula.
The Base is a regional shopping centre located in Te Rapa, in the New Zealand city of Hamilton. The centre consists of the original outdoor strip mall, and the more recent Te Awa enclosed shopping mall.
Go Bus Transport Ltd is a large bus company operating in New Zealand owned by Australian-based transport operator Kinetic Group. The company is based in Hamilton, New Zealand, and runs bus services in Hamilton, Hawke's Bay, Tauranga, Christchurch, Gisborne, Dunedin and Invercargill.
Te Whakaruruhau o Ngā Reo Irirangi Māori is a New Zealand radio network consisting of radio stations that serve the country's indigenous Māori population. Most stations receive contestable government funding from Te Māngai Pāho, the Māori Broadcast Funding Agency, to operate on behalf of affiliated iwi (tribes) or hapū (sub-tribes). Under their funding agreement, the stations must produce programmes in the Māori language, and must actively promote Māori culture.
Kiwi Property Group is one of New Zealand's largest NZX-listed property companies and the owner, and manager of a range of mixed-use, office, retail and build-to-rent assets including Sylvia Park, The Base, the Vero Centre and Resido.
Tāmaki Māori are Māori iwi and hapū who have a strong connection to Tāmaki Makaurau, and whose rohe was traditionally within the region. Among Ngā Mana Whenua o Tāmaki Makaurau, also known as the Tāmaki Collective, there are thirteen iwi and hapū, organised into three rōpū (collectives), however Tāmaki Māori can also refer to subtribes and historical iwi not included in this list.
Ngāi Tahu Holdings Corporation Limited is owned by the Ngāi Tahu iwi of the South Island of the New Zealand. Its main interests are in tourism, fisheries, property and forestry and it is among the wealthiest iwi in New Zealand. Ngāi Tahu annually contributes more than $200 million to the South Island economy.
The Minister for Treaty of Waitangi Negotiations, otherwise known as the Treaty Negotiations Minister or the Minister of Treaty Negotiations, is a minister in the New Zealand Government. The minister is tasked with multiple duties including, but not limited to, overseeing the negotiations of Treaty of Waitangi claims and settlements. The Minister falls under the jurisdiction of the Ministry of Justice.
Ross Barry Keenan is a New Zealand businessman. His early career was in the airline industry in New Zealand, Australia and the United States. Since the 1990s, he has been a company director, professional board member, and chairperson of a variety of private and public companies, and for the public sector. Significant roles include the chairmanship of Counties Manukau District Health Board (2001–2004), the parallel deputy-chairmanship of the three district health boards in the Auckland region (2004–2007), and chairmanship of Ngāi Tahu Holdings (2006–2015). Keenan is the current chairman of New Zealand's largest group of recruitment agencies, AWF Madison, and has chaired one of the constituent companies since 2005.