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Ngāi Tai ki Tāmaki buys land under Macleans College for $97m
15 Mar, 2021 04:00 PM
5 minutes to read
Macleans College is a decile 9 school with uninterrupted sea views at Bucklands Beach. Photo / Brett Phibbs
An Auckland iwi, Ngāi Tai ki Tāmaki, has agreed to buy the land under Macleans College in a $97-million deal that dwarfs any previous treaty-based school transfer. The small iwi, which only 498 people said they belonged to in the 2013 Census, has decided to exercise a right to buy the land that was agreed under a Treaty of Waitangi settlement in 2015.
But the value of the prime site with uninterrupted sea views at Bucklands Beach has escalated more than seven-fold since the iwi and the Crown reached an agreement in principle on the settlement - from $16m to more than $120m.