Rob Hutchison, Whai Rawa chief executive, said iwi were benefiting.
"Improving the living conditions for members within Orākei had been a priority of the Ngāti Whātua Ōrākei group over the past three years. This has been a watershed year in this regard. With such a significant work programme completed in 2016, we believe this goal has now largely been achieved," Hutchison said referring to the new 30-residence Kainga Tuatahi development on Kupe St beside Bastion Point.
A statement said more about its property interests.
"While Whai Rawa's property investment portfolio has benefited from the continued strong growth in land values across the Tāmaki Isthmus, its strategic acquisition of ex-Defence Force land on the Devonport Peninsula in 2013, the allocation of portfolio across various property types, and its participation in the proposed Auckland Unitary Plan process has enabled Whai Rawa to make the most of these market conditions in 2016," it said.
TDB Advisory's Iwi Investment Report 2016, released last week, showed how Whai Rawa and the South Island's Ngai Tahu made the best returns of any iwi and that post-settlement total assets of eight iwi were valued at around $6 billion.
Read the full annual report here