Far North Iwi Te Rarawa has added a construction company to its portfolio, in a move that should speed up a new housing development and give trades training to locals. Te Rarawa has bought Kaitaia based KPH Construction following 50 years of commercial and residential construction and development success in the region. Acquired by Te Rarawa asset holding company Te Waka Pupuri Pūtea, the company forms part of its strategic commercial property and housing investment plan.
The addition of KPH's expertise and capability enables Te Rarawa to achieve key milestones in its investment strategy. The move will help accelerate a new housing development and ensure essential repairs and maintenance of significant iwi-owned property assets, including those used by the community. Te Rarawa expects the purchase to deliver results in construction industry development, education and employment through trade and apprenticeships.