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Crown agrees to purchase Ihumatao land for $30m

Fletcher Building CEO Ross Taylor said the $29.9m sale price means the company broadly breaks even.

Julie Iles Thu, 17 Dec 2020

The Crown has agreed to purchase the Ihumātao land from Fletcher Building in a transaction outside of the Treaty of Waitangi settlement process.

Housing Minister Megan Woods said the land is being purchased from Fletchers for $29.9 million under the Land for Housing Programme as the parties

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Crown agrees to purchase Ihumatao land for $30m
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