Auckland, 17 December 2020: Fletcher Building has today reached an agreement to sell the land it owns at Ōruarangi Road, commonly known as
Ihumātao, to the Crown for $29.9 million. At the agreed sale price, the deal is broadly breakeven for Fletcher Building.
Fletcher Building CEO Ross Taylor said, “The acquisition by the Crown is a positive solution that has been reached after
negotiations and discussions with the Government, Kiingitanga, mana whenua, and Auckland Council.
“We thank the Government for the pragmatic way they have approached this process. It hasn’t been easy, and we
acknowledge their role.
“We also acknowledge the iwi who we engaged with throughout the consenting and proposed master planning of the land. Any
plans for the land are now a matter for the Crown and Kiingitanga.
“Finally, we thank our people and the many Police officers, whanau representatives, security staff and neighbours of
Ihumātao for their patience and understanding,” said Mr Taylor.
Fletcher Building’s involvement in Ihumātao now comes to an end.