The RHL/RIL Board recently approved the detailed design and consenting process to commence for developments at both 2 Horton St and 14 Horton St. These are exciting opportunities that we hope will help to rejuvenate the area and continue to demonstrate Rangitāne’s commitment to taking a leading role in the development of Blenheim.
In September 2021 Rangitāne invested in Pūainuku Vines LP which purchased c66 hectares of vineyards in the lower Wairau with a long-term lease to a well-established New Zealand winery. This followed the initial investment made in June 2021 in Dairy Holdings Ltd, a South Island focussed corporate dairy farm. Pūainuku is a collective investment vehicle for iwi focussed on investments in New Zealand’s primary sector, and provides access to investment at scale that would not otherwise be available to iwi individually.
The team are continuing positive dialogue with Ka Uruora and Crown in assessing the viability of housing solutions in the Marlborough region and providing housing options to whānau. We hope that in the coming months we will be able to provide greater clarity on what this might mean for whānau.
The FY2023 annual plan will be reviewed by the RHL/RIL Board in February 2022 and will set out the budgets and targets for investment. The focus will continue to be on direct investments and diversification of the investment portfolio to reduce risk.
There are a number of opportunities within the rohe that the team have been working on in the past 12-18 months that we are hopeful will come to fruition this year and we are excited about the opportunities that this will provide to wider whānau.